Zcash jumps 30% as $62M in liquidations hit ZEC futures

Zcash rose nearly 30% in 24 hours to $543, triggering about $62 million in liquidations across roughly 5,000 traders. Almost $60 million of the losses came from shorts, making ZEC futures the second-largest liquidation market behind bitcoin. The move followed Multicoin Capital’s disclosure that it had been building a significant ZEC position since February.

ZEC-0.41%
BTC-1.64%
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