The biggest bear on $ZEC may have changed positions… but not conviction. ⚠️ Back in March, a massive short position was opened on $ZEC near the $210 zone. As price surged aggressively toward the $550 area, unrealized losses reportedly climbed close to $2.4M. Most traders would have exited long before reaching that stage. Instead, the position continued getting averaged into. Now, after ZEC cooled off from its highs, over $5M in short exposure has reportedly been closed since earlier today. Even after that reduction, the remaining position still sits near $8M with a significant unrealized loss. But the real story starts here: Rather than stepping away from risk, the trader immediately rotated capital into new aggressive shorts on both $BTC and $ETH . 👀 🔻 BTC Position: • 160 BTC short • 20x leverage • Position size around $13M • Average entry near $80,441 🔻 ETH Position: • 1,866 ETH short • 15x leverage • Position size around $4.27M • Average entry near $2,286 Current positioning suggests both shorts are still actively increasing. At this point, this no longer looks like a simple trade — it reflects a high-conviction macro view against current market momentum. After months battling the $ZEC trend, the bearish thesis appears unchanged. Only the battlefield shifted from altcoins to the two largest crypto assets in the market. Now attention turns to Bitcoin and Ethereum. Will bears finally get the correction they’ve been expecting? Or will momentum once again punish aggressive early shorts in a strength-driven market? The next 48 hours could bring serious volatility across crypto. ⚡ #BTC #ETH #ZEC #Crypto #Bitcoin #Ethereum #Trading #CryptoMarket #Altcoins