Short position of 767.2 ZEC worth $1 million fully liquidated
- —A short of 767.2 ZEC was liquidated, with the position valued at about $1 million
- —The trader first closed a long on ZEC, then opened a short that was liquidated
- —On September 4, after ZEC broke above $1,000, shorts of 3,213 ZEC worth $3.27 million were liquidated
- —Confirmed losses on those positions totaled about $204,700
Why it matters: The series of ZEC short liquidations reflects the coin's strong rally and the risk facing bearish positions.
Source: TokenPost