TREE NEWS reports: Zcash (ZEC) swung more than 20.84% on September 18, triggering $66.74 million in liquidations over the past 24 hours. Short positions accounted for $58.90 million of the total, while long liquidations reached $7.83 million. The single largest liquidation order was worth $6,990,340.
ZEC Liquidations Top $65M in 24 Hours as Price Swings Over 20%
AI take
The skew is the story: shorts absorbed roughly nine times the long liquidations, meaning the move caught bearish positioning offside rather than reflecting broad two-way deleveraging. That kind of squeeze-driven volatility can clear crowded positioning quickly, but it also leaves the market thinner. Whether the elevated liquidation activity persists or fades as positioning resets is the open question.
Generated by AI for reference only.
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