Zcash Price Surge Leaves Traders Deeper in the Hole

Zcash (ZEC) has seen a remarkable price surge of 177.8% in just one month, leaving traders who bet against it to face significant losses.

A trader with an impressive record of 89% win rate and 26 consecutive wins has lost $10.68 million by shorting Zcash. The trade was closed at a loss after the price jumped past the liquidation level of $1,550.66.

The largest open position still sitting underwater is held by Garrett Jin, covering 37,999 ZEC worth $59.37 million, with an unrealized loss of $33.87 million.