Zcash Sparks $212M Crypto Liquidation Wave After 15% Price Surge

Zcash (ZEC) surged to the forefront of the cryptocurrency derivatives market after a sharp 15% rally pushed its price to approximately $1,170 on September 6.

The rapid advance was accompanied by around $212 million in total crypto market liquidations, with ZEC accounting for $45.32 million of that figure, the highest among major tokens during the session.

Liquidation data showed that short positions represented roughly $156 million of the $212 million in closed trades, highlighting the scale of losses faced by bearish traders on the day.