Bullish Builds $221 Million in Floating Profits with ZEC Hedges

Trader Garrett Bullish has been accumulating ZEC from Binance since December 2025, when the token was trading at just $437. He now holds over 202,077 ZEC, which, at current prices near $1533, puts his floating profits at over $221 million.

This significant gain comes mainly as a result of Bullish's hedge strategy. He has positioned himself with a short on Hyperliquid, generating $671,000 in funding fees since the start of this trade. To further bolster his position, he recently sold 35,000 ETH to raise margin and increase the liquidation price to $4737.

Bullish also expressed interest in taking on a 3x long position in Bitcoin at $78000.