Markets· ★★· bullish·

Trader XXAntiWar loses $398K on two Zcash shorts

  • Two ZEC shorts closed with a $398,000 loss over three days
  • Since early September, eight ZEC shorts: five profitable, three unprofitable, 62.5% win rate
  • The shorts were held as ZEC rose from $1,120.8 to $1,353
  • Total September profit on ZEC shorts was $437,000
Why it matters: It shows how Zcash's rally toward $1,400–1,500 is squeezing short sellers, adding pressure on bears in the asset.
Source: TokenPost