Garrett Jin: Closes $58.5M ZEC Short at $35.44M Loss

Garrett Jin just closed his entire 38,000 ZEC short worth $58.5M and booked a $35.44M loss.

He retains 202,078 ZEC spot holdings valued at $309.25M on-chain for a $221M unrealized profit after withdrawing the coins from Binance nine months ago near $437.

Price action on the 4h chart shows ZEC trading inside the Bollinger Bands at $1542.78 with upper resistance at $1574.62 and lower support at $1417.15; the EMA50 at $1360.87 and EMA200 at $1034.71 define the bullish structure while RSI at 64.92 stays neutral and MACD prints a death cross at 46.58, pointing to a probable retracement toward the 50-EMA before any continuation higher.