A trader holding a 10x leveraged long position of 18,000 ZEC is facing over $2.8 million in unrealized losses as Zcash fell below $1,000. The position, valued at approximately $17.63 million, carries a liquidation price of $895.46.
On-chain monitoring platform Lookonchain identified the trader behind wallet address 0x8742, whose leveraged bet on ZEC has moved sharply underwater amid the token's recent decline.
ZEC Trader Faces $2.8M Unrealized Loss on 10x Leveraged Long Position
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