Falling Zcash left one five-times leveraged long with about $3.5 million in unrealized losses late Friday, and the position faced liquidation risk if the coin fell to roughly $762.
The snapshot was logged at 9:23 p.m. ET on Friday, or 02:23 UTC Saturday, and valued the trade at about $18.5 million. The loss was unrealized, meaning it reflected the position’s value at that time rather than a completed trade.
The activity included a 2,000 ZEC reduction roughly four hours before the snapshot. Additions were recorded near $1,170, $1,030, $970 and $904, with extra funds supplied to keep the position open.
The trader faced liquidation risk if ZEC reached roughly $762. The figures describe one leveraged trade.
