Zcash Leads $212M Crypto Liquidation Wave as ZEC Surges 15%

TLDR: ZEC led the $212M crypto liquidation wave with $45.32M wiped out as its price surged 15% to about $1,170. Short positions accounted for about $156M of $212M liquidations, showing bearish traders took most losses. ZEC open interest reached a record $2.4B on Sept. 4, up from roughly $700M in early July as leverage grew. [...]

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