On-Chain Data Tracking Platform Monitoring shows that within the past hour on January 8th, an active trading address with the nickname "Shanzhai Air Force Leader" has been continuously increasing its ZEC short positions, with a single increase of about 2024 coins, roughly equivalent to $920,000. After this operation, the total ZEC short position value of this address rose to $1.51 million, with an average holding price around $480, currently with an unrealized profit of about $94,000.

Interestingly, this address is not only focused on ZEC. From last night to this morning, it has also been continuously building short positions in BTC and DOGE. As of press time, the BTC short position is approximately $8.2 million (average price $91,800), and the DOGE short position is about $1.62 million (average price $0.147). It’s clear that this trader holds a very firm bearish outlook on the current market.

What’s more worth noting is the long-term performance of this address. Since November, it has opened short positions on over 20 altcoins, with an initial investment of about $20 million. Through continuous adding to positions and opening new shorts, the total holdings have expanded to $56.5 million. The cumulative profit over the past year has exceeded $80 million, making it one of the most profitable shorts during this downtrend. Currently, this address remains the largest short holder of LIT on the Hyperliquid platform.