After losing $35.44M shorting $ZEC, Garrett Jin(@GarrettBullish) tried to chase the rally and go long on $ZEC 7 hours ago, but quickly closed the position, taking another $79K loss! https://t.co/Z4WHJxgv3h https://t.co/jgl1yIfGBq
Why now
Thesis: ZEC squeeze punishes both shorts and late longs
Catalyst to watch: Continued ZEC volatility or liquidations
Main risk: Single-trader anecdote, not market-wide
Why it matters
Large losses on ZEC shorts and failed long chases show two-sided pain in leveraged altcoin positioning.
Details
After losing $35.44M shorting $ZEC, Garrett Jin(@GarrettBullish) tried to chase the rally and go long on $ZEC 7 hours ago, but quickly closed the position, taking another $79K loss! https://t.co/Z4WHJxgv3h https://t.co/jgl1yIfGBq
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- x · 2026-09-23 01:34 UTC