According to data from Hyperbot, Odaily Planet Daily reports that the largest long position holder of ZEC has begun reducing their holdings, decreasing from 60,000 to 55,000 tokens. The account currently has unrealized profits of $5.15 million, with an average entry price of $555, a liquidation price of $513, and a total holding value of $35.7 million.

It's worth noting that the account's unrealized profit plummeted from a peak of $12 million to less than $1 million, a loss of over 90%, before recovering to $5.15 million as ZEC rebounded. After experiencing such volatility, the whale chose to reduce its position and lock in profits, possibly to avoid another significant retracement of gains.