A trader identified as 0x3c83 was fully liquidated on a $1 million ZEC short position after flipping from long to short at $767.2 just seven hours prior. The liquidation occurred as ZEC prices surged, triggering the forced closure of the bearish bet. The incident highlights the risks of counter-trend trading during volatile market conditions. Despite the trader's attempt to capitalize on a potential reversal by closing a long and entering a short at $767.2, the continued upward price momentum resulted in complete loss of the $1 million position.