Trader with 89% win rate loses $10.68M on Zcash short
- —The closed short involved 12,285 ZEC, with liquidation at $1,550.66
- —Garrett Jin holds a short of 37,999 ZEC at an average of $671.05 with a $33.87M loss
- —ZEC trades near $1,563, market cap $26.47B — ninth place
- —Zcash ETFs attracted $98.2M in the week to September 18, assets rose 40.5%
Why it matters: ZEC's 177.8% rally is forcing shorts to realize losses; further pressure on short positions could accelerate the rally.
Source: BeInCrypto TR