"ZEC's top long position" reduced its holdings to lock in profits; unrealized gains had shrunk by 90% before rebounding.

According to Hyperbot data, the largest long position holder in ZEC has begun reducing its holdings, decreasing from 60,000 tokens to 55,000. This account currently has unrealized profits of $5.15 million, with an average entry price of $555 and a liquidation price of $513, resulting in a total position value of $35.7 million. Notably, the account's unrealized profits plummeted from a peak of $12 million to less than $1 million, a reduction of over 90%, before recovering to $5.15 million as ZEC rebounded. After experiencing such volatility, the whale chose to reduce its position to lock in profits, possibly to avoid further significant erosion of those profits.