Zcash Short Trader Faces $7.66M Unrealized Loss as ZEC Approaches $1,500

A high-leverage ZEC short position has resulted in a $7.66 million unrealized loss for a trader as the privacy coin continues its rally. According to Lookonchain, the trader, who previously maintained an 89% win rate, is currently holding a 12,285 ZEC short position worth approximately $18.3 million. The position faces liquidation if the price reaches $1,551. ZEC has surged over 2,800% in the past year, recently trading near $1,500.