Zcash longs lose $14 million in futures liquidations as price rebounds
- —ZEC futures liquidations totaled $14.02 million in 24 hours
- —Long accounts carried the bulk of forced closures
- —Liquidations occurred as the ZEC price rebounded
Why it matters: Heavy long liquidations during a price rebound point to overleveraged positioning and raise the risk of sharp swings in ZEC.
Source: Coinotag