ZEC Jumps 43% as Short Sellers Face Heavy Losses

Hyperinsight says whale traders who bet against ZEC were hit as the token climbed from about $269 on April 8 to as high as $385.

ZEC

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Terms & Concepts
  • Short position: A trade that profits if an asset’s price falls, but can incur losses if the price rises instead.
  • Liquidation: The forced closing of a leveraged position when losses reach a threshold set by the trading platform.
  • 10x leverage: Borrowed exposure that magnifies both gains and losses by ten times the trader’s initial capital.