A trader identified as 0x535e has initiated a significant leveraged position on Zcash (ZEC), opening a 10x long on 17,137 ZEC, valued at approximately $9.57 million. The position, established over the past three hours, has a liquidation price set at $537.56. The trader has strategically placed take-profit limit orders ranging from $545.19 to $740.37. Should ZEC's price reach the upper limit of $740.37, the trader stands to gain a profit of $7.6 million. This move highlights the trader's bullish outlook on ZEC's potential price movement.