Trader with 26 straight winning trades loses $7.66M on ZEC short
- —Short of 12,284.87 ZEC valued at $18.31 million
- —Unrealized loss on the position reached $7.66 million
- —Liquidation at ZEC $1,550.66, current price $1,485.8
- —The account previously closed 26 consecutive profitable trades
Why it matters: A rise in Zcash toward the liquidation zone could trigger forced buying and amplify ZEC volatility.
Source: Koin Bülteni