Garrett Jin Boosts Losing ZEC Short Position to $47M

Garrett Jin, a trader, has increased his short position on Zcash (ZEC) to 39,760 tokens, valued at around $47.22 million. The liquidation price for this position is set at $2,292, as the current market price of ZEC hovers around $1,190.

Jin's initial short position in ZEC had previously generated over $11 million in profits, but his latest move has pushed it further underwater. Despite the token's surge from levels below $1,000, Jin continues to hold onto his bearish view of Zcash.