Zcash Surge Threatens Trader’s Short Position
- Trader shorted 15,785 ZEC at $867 on Sept. 4, now facing a $5.27M loss as ZEC hit $1,249.
- Account also shorted 30,000 tokenized Strategy shares, down by $381,812 with MSTR trading near $142.
- Free margin is at $0 with ZEC liquidation price set at $1,316.95.
- Total account equity stands at $3.76 million against a position value of $23.34 million.
- ZEC has surged by approximately 134% in the past month.
A trader’s significant short positions on Zcash and tokenized Strategy shares are under pressure due to recent market rallies, leading to substantial unrealized losses and zero free margin available for adjustments.
The trader’s account is heavily leveraged at a ratio of over six times its equity, risking complete liquidation if ZEC prices rise just slightly above the current level to the set liquidation mark of $1,316.95.
