PANews reported on January 3rd that, according to Onchain Lens monitoring, a whale closed out its long position in ZEC, making a profit of $3.2 million. Shortly after, it opened a short position in ZEC, which it closed an hour ago at a loss of $1.6 million, losing half of the profits from its previous long position. This whale had previously lost $7.7 million in Bitcoin trading, and its total losses have now reached $5.56 million.