Trader Closes 26-Day Short on Zcash for $186,000 Profit

The position, involving 3,280.34 ZEC, was closed at 13:05 with no remaining holdings, as the trader boosted capital through a large USDC deposit.

USDC
ZEC

Summary

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Terms & Concepts
  • Zcash (ZEC): A privacy-focused cryptocurrency offering users the option of shielded transactions that conceal sender, recipient, and amount.
  • USDC (USD Coin): A U.S. dollar-pegged stablecoin used in cryptocurrency trading and transactions, maintaining a 1:1 value to the dollar.
  • Short Position: A trading strategy where an asset is sold with the intention of buying it back later at a lower price for profit.