TREE NEWS reports: A trader identified as 0x8742 lost more than $2.8 million on a 10x leveraged long position in 18,000 ZEC as the token fell below $1,000, on-chain monitor Lookonchain reported. The position carries a notional value of $17.63 million and a liquidation price of $895.46.
10x ZEC Long Loses Over $2.8M as ZEC Falls Below $1,000
The size of this single liquidation matters less than what it reveals about positioning around ZEC at these levels: an 18,000-token long at 10x leverage implies conviction that the move below $1,000 was not the base case, and the liquidation price near $895 now sits as a visible line in the sand. Whether other similarly leveraged longs cluster around that threshold is the open question, since a cascade there would say more about market structure than this one trader's loss. For now, it is a reminder that ZEC's volatility cuts both ways at high leverage.
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