Trader Opens $48.47M Short Position on ZEC with 10x Leverage, Up $3.36M

A trader opened a $48.47 million short position on ZEC using 10x leverage across three wallets, showing an unrealized profit of $3.36 million, Onchain Lens data show. The trader had been forcibly liquidated on Nov. 18 during a brief market rebound, losing over $3 million. The new short positions were deployed through multiple wallets following the liquidation.