Garrett Jin: $18.4M Loss Shorting ZEC

Garrett Jin sits on an $18.36M unrealized loss from his 32.76K ZEC short entered at $444, now valued near $32.9M at current levels around $1,004.

The Bitcoin OG's 1.33K BTC long offsets only $5.15M of gains, leaving net PnL at -$13.21M with liquidation still distant at $2,609.8.

Price action on the 4h chart shows ZEC testing upper Bollinger resistance at $1001.67 while RSI(14) at 76.08 signals overbought conditions; a healthy retracement toward EMA50 support at $843.94 appears probable before any continuation higher, especially with MACD golden cross at 37.69 confirming underlying trend strength above EMA200 at $690.82. Traders tracking ZEC price prediction and potential crypto market crash scenarios should monitor these confluence zones closely amid broader Bitcoin flows.