I checked the market first thing after waking up and almost thought I was seeing things: $ZEC surged to around $1,200, with a market cap of over $20 billion, breaking straight into the top ten by market cap.
Even wilder is the other guy: the one known as the “October 10 whale” shorted over 32,000 ZEC with 2x leverage at an average price of just $444. He’s now sitting on an unrealized loss of $23.57 million, with liquidation at $2,566—the price would have to more than double to liquidate him, but every uptick means more losses.
Liquidations across the market totaled $212 million in 24 hours, with $156 million from shorts. ZEC alone accounted for $45.32 million—a market where shorts are lining up to hand over their money.
Cast your vote in the comments: A) The top ten is just the beginning; privacy coins are taking over. B) $1,200 is the top; the bears will turn things around sooner or later.
$BTC $ETH
#Zcash #隐私币 #Liquidations
Even wilder is the other guy: the one known as the “October 10 whale” shorted over 32,000 ZEC with 2x leverage at an average price of just $444. He’s now sitting on an unrealized loss of $23.57 million, with liquidation at $2,566—the price would have to more than double to liquidate him, but every uptick means more losses.
Liquidations across the market totaled $212 million in 24 hours, with $156 million from shorts. ZEC alone accounted for $45.32 million—a market where shorts are lining up to hand over their money.
Cast your vote in the comments: A) The top ten is just the beginning; privacy coins are taking over. B) $1,200 is the top; the bears will turn things around sooner or later.
$BTC $ETH
#Zcash #隐私币 #Liquidations