ZEC Short Squeeze Unrealized Losses Surpass $33 Million

Reported by Odeali, unrealized losses on a ZEC short position held by the proxy of '1011 Whale' have surpassed $33 million (approximately 45.7 billion KRW). The report cited on-chain data to support this claim, though the identity of the proxy and specific details of the position remain undisclosed. ChainCatcher reported on September 8 that the unrealized losses for this short position had exceeded $19 million.

Losses and position size can fluctuate based on ZEC price movements and collateral changes.