Largest ZEC Short Grows to $51.5M, Liquidation at $2,631
- —Garrett Jin's ZEC short grew to $51.5 million (37,760 ZEC)
- —Position liquidation price — $2,631.53
- —Current loss on the position exceeds $26 million
- —The position was increased 11 hours ago amid bearish sentiment
Why it matters: The growth of the largest ZEC short increases pressure on the price, and a break through the liquidation level could trigger a sharp spike in volatility.
Source: Coinfomania