A massive ZEC margin short, reportedly linked to Garret Jin, is now sitting at an unrealized loss close to $30 million. On-chain profile data shows key details: the position clocks in at over $54.6 million with 3x leverage, entry at $665, and a liquidation level set at $2,631.

What We Know About the Position

Current on-chain stats confirm it’s a ZEC short, with the trade size topping $54.6 million. Entry price was $665, and the liquidation trigger is $2,631. Right now, the unrealized loss is pushing almost $30 million.

Who’s Behind the Address? On-Chain Sleuths Weigh In

According to on-chain detectives, the address may belong to former BitForex head Garret Jin. These same analysts call him an early Bitcoin whale and speculate he has insider ties with the US government and the Trump family. These are opinions based on their own attribution and on-chain activity tracking.

Context and Risks

The liquidation price for this short—$2,631—is locked in on the on-chain card. If price action pushes ZEC up to that level with the current position size, the short gets force-liquidated. You can dig into more details in the on-chain profile linked above.