Based on 36 Crypto, a Zcash trader lost $2.38 million in just a few hours after a series of forced liquidations. The trader had opened high-leverage long positions in ZEC, but the price dropped sharply, triggering massive losses. According to HyperTracker data, the account's equity fell from a much higher level to just $23,942.44. ZEC dropped below $465, and four major positions were liquidated simultaneously, resulting in realized losses exceeding $1.58 million. The trader had previously generated over $72 million in trading volume, but the lack of proper risk management left them vulnerable to the market's volatility.
Zcash Trader Loses $2.38 Million in Hours Due to Aggressive Liquidations
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