Over the past 24 hours, ZEC liquidations exceeded $58 million, with shorts being the primary casualties

According to Coinglass data cited by Odaily, ZEC's price fluctuated by over 16.66% today. In the past 24 hours, ZEC liquidations reached $58.81 million, with 8,173 traders liquidated. Short positions accounted for $51.06 million in liquidations, while long positions accounted for $7.75 million. The largest single liquidation amounted to $6,990,340.

Today's Zcash (ZEC) liquidations were mainly concentrated on Hyperliquid (37.04%), Binance (33.55%), and Bybit (9.5%), indicating that these exchanges host a large volume of active leveraged trading.