Lookonchain
Zcash (ZEC) has fallen below $1,000, leaving trader 0x8742 with more than $2.8 million in unrealized losses on a 10x leveraged long. The position covers 18,000 ZEC, valued at $17.63 million.
Why it matters
Leverage magnifies the effect of price moves on a trader's position. The size of this long and its stated liquidation price put the downside risk in focus after ZEC's drop below $1,000.
Market impact
The position's liquidation price is $895.46. A further decline toward that level would put the long at risk of liquidation.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x874226b22939904f436ff0434e1fd0ab257c8427#perps)
Frequently asked questions
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How large is the trader's ZEC position?
Trader 0x8742 holds a leveraged long covering 18,000 ZEC, valued at $17.63 million.
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How much has trader 0x8742 lost on the position?
The trader has more than $2.8 million in unrealized losses.
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At what ZEC price does the long face liquidation?
The position's stated liquidation price is $895.46.
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How much leverage did the trader use?
The trader opened the ZEC long with 10x leverage.
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Why does leverage matter for the ZEC position?
Leverage magnifies the effect of price moves on the position. A further decline toward $895.46 would put the long at risk of liquidation.
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