Crypto
26-Trade Winner Faces $7.6M Loss on Zcash Short Position
A successful trader known for winning 26 trades in a row is now facing a potential loss of $7.66 million on their Zcash (ZEC) short position.
The account, which previously achieved an 89% success rate across 47 trades and earned over $9 million in profits, holds a significant short position against the rise in ZEC prices.
The trader's unrealized loss has reached $7.66 million on their $18.31 million ZEC short position, with the liquidation price for the position listed at $1,550.66 and the current ZEC mark price at $1,485.8.