ZCash Short Position Yields Profits as Trader Capitalizes on Price Fluctuations

A recent trading strategy using a short position in ZCash has resulted in substantial profits for a trader who invested $22.3 million, according to PANews. The trader’s short position currently generates a floating profit of $3.6 million. This success comes after ZCash price fluctuations reached the $700 mark two days ago, prompting the trader to initiate and maintain this shorting strategy.