Zcash Contract Liquidations Surge to Over $18 Million in a Day

A substantial amount of ZEC contract trading activity resulted in over $18.8 million in liquidations within a single day, according to data compiled from Coinglass. This figure represents a significant portion of the total market value traded. Long positions accounted for $2.15 million in losses, while short positions saw $16.65 million in liquidated funds. This volume surpasses only Bitcoin, Ethereum, and AIA.