Zcash Price Surge to $1,170 Triggers $212M Crypto Liquidations

Zcash's price surge to $1,170 on September 6 triggered $212 million in crypto liquidations, with $45.32 million of those losses coming directly from ZEC itself.

Most of these losses came from short positions, which accounted for $156 million of the total, indicating a strong short squeeze.

The price jump was accompanied by increased leverage and institutional interest, as open interest in ZEC futures hit a record $2.4 billion, with $34.4 million inflows into Grayscale's Zcash ETF.

Experts say that this surge highlights how leveraged trading and ETF demand are driving ZEC's price action, though it remains below its all-time high of $3,191.93.