A prominent address known for its significant short positions on Zcash (ZEC) has reopened a short position valued at approximately $1.1 million. The position, utilizing 5x leverage, involves around 2,822 ZEC at an average entry price of $391. Despite being slightly underwater, the address continues to add to its position. Previously, this address began shorting ZEC at $184, experiencing a floating loss of $21 million before eventually closing the position profitably. The address also maintains a substantial $80 million short position on Ethereum (ETH).