Trader faces $7.66 million unrealized loss on ZEC short position, nearing liquidation

On September 18, Lookonchain reported that a trader holds a short position of 12,285 ZEC, valued at approximately $18.31 million, with an unrealized loss of $7.66 million. The liquidation price is set at $1,550.66. The trader had previously achieved a 26-trade winning streak and an 89% win rate across 47 trades, accumulating over $9 million in profits, most of which has been wiped out by the ZEC short position.