A $17.63 million ZEC short position has incurred losses exceeding $2.8 million, with Trader 0x8742 holding a 10x leveraged position

According to Lookonchain monitoring, ZEC has fallen below $1,000. Trader 0x8742 (0x8742...c8427) is shorting 18,000 ZEC with 10x leverage, with a notional value of $17.63 million. The position is currently at a loss of over $2.8 million, with a liquidation price of $895.46.