The largest ZEC short seller has officially switched battlefields. 🚨 On March 10, this trader entered a massive ZEC short at $210. At one point, the position was underwater by $2.4 million. But instead of folding, they held firm, grinding down their cost basis over months. The patience paid off as ZEC plummeted from its peak near $550. 💥 Starting this afternoon, the trader began systematically closing the ZEC short, cutting losses and reducing exposure. Over $5 million in positions have been closed. A remaining position of $8.02 million still sits with an unrealized loss of $1.17 million. 🐻 But there is no rest for the bearish. The freed-up margin was instantly redeployed into fresh shorts on BTC and ETH. 🎯 BTC: 160 coins shorted at 20x leverage, totaling $13 million. Average entry price: $80,441. ETH: 1,866 coins shorted at 15x leverage, totaling $4.27 million. Average entry price: $2,286. Both positions are still being added to. 📉 This is a trader who spent over two months shorting ZEC, endured massive pain, and is now starting the same game on Bitcoin and Ethereum. The stubbornness is staggering. Either this is genuine, deep-seated contrarian conviction, or a dangerous addiction to the path of most resistance. 🤔 The market now watches to see if BTC and ETH will cooperate more than ZEC did. The stage is set for a high-stakes showdown. 👀