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COINJAK
COINJAK
🚨 MAJOR MARKET POSITION SHIFT — BIG SHORT SELLER ROTATES EXPOSURE ⚠️ A well-known large short position that was originally placed on $ZEC has now changed direction — but the overall bearish stance remains unchanged. Back on March 10, a significant short was opened on $ZEC around the $210 level. As price surged toward the $550 area, the unrealized loss reportedly expanded to nearly $2.4M. Despite the move against the position, the trade was continuously averaged rather than closed. After ZEC later pulled back from its highs, more than $5M worth of shorts were reportedly reduced since this afternoon. However, the remaining $8.02M position is still showing approximately $1.17M in unrealized loss. 🔄 WHAT CHANGED Instead of fully exiting risk, the freed margin has now been redeployed into new aggressive short positions: 🔻 $BTC 160 BTC shorted at 20x leverage ≈ $13M position Average entry: $80,441 🔻 $ETH 1,866 ETH shorted at 15x leverage ≈ $4.27M position Average entry: $2,286 📈 Both positions are reportedly still being increased as market exposure expands. 🧠 MARKET INTERPRETATION This is no longer just a single-asset trade. It reflects a broader bearish conviction being shifted into major crypto assets. After months of holding $ZEC shorts, the direction has not changed — only the instruments have been rotated. ⚠️ KEY QUESTION NOW Is this positioning an early signal of a broader market correction? Or is it a high-risk short against strong momentum that could continue to extend? The next phase of price action in $BTC and $ETH will be critical in determining which side is right. Volatility is likely to remain elevated in the short term. #USAprilCPITonight #TradeStocksOnOKX #WarshTakesFedChair

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