Trader with 26-Trade Win Streak Faces $7.66M Loss on Zcash Short: Is Liquidation Imminent?

The unrealized loss of a trader who previously won 26 trades in a row has reached $7.66 million on an $18.31 million ZEC short position.

Lookonchain shared a Zcash (ZEC) trade from an account that previously reportedly achieved an 89% success rate across 47 trades and earned over $9 million in profits. The account is now approaching its liquidation level due to a large short position opened against the rise in ZEC prices.

The account, which holds a 12,284.87 ZEC short, shows a total position value of approximately $18,310,598 on the position screen. The trade’s unrealized loss stands at $7,660,799.

ZEC Price Approaches Liquidation Level

According to data on the Hyperbot screen, ZEC’s mark price is approximately $1,485.8. The liquidation price for the position is listed as $1,550.66. Thus, the gap between the current price and the liquidation level remains at approximately $65.

The account shows short positions at 100% and long positions at 0%.