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Add as a preferred source on GoogleZcash Long Shows $3.5 Million Unrealized Loss at 5x Leverage
The trader added near $1,170, $1,030, $970 and $904, then cut 2,000 ZEC about four hours before the snapshot.
A trader’s 5x leveraged Zcash (ZEC) long showed about $3.5 million in unrealized losses on a roughly $18.5 million position at 9:23 p.m. ET Friday (02:23 UTC Saturday).
The trader added to the long as ZEC fell, buying near $1,170, $1,030, $970 and $904. The trader also added funds during the decline to maintain the position.
About four hours before the snapshot, the trader cut 2,000 ZEC. The trader would face liquidation risk if ZEC fell to about $762.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.