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via CoinDesk · By CoinDesk Staff
Bearish zcash (ZEC) bets hit record highs as price crashes
ZEC
ZEC/USDT
$488.21
-0.12%
$488.21
-0.12%
(24s)24h Volume
$169,573,958.61
24h H/L
$492.64 / $484.25
Change: $8.39 (1.73%)
Funding Rate
-0.0009%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:54 PM UTC)
1 min read
Bearish zcash bets hit record high as privacy token's price crashes
Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.
Bearish bets on privacy-focused zcash (ZEC) climbed to a record as the token slumped…
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