Zcash Surges 17% Amid $345M in Crypto Liquidations

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Cryptocurrency markets saw a wave of forced liquidations totaling $345 million, hitting traders hard across the board. Short sellers bore the brunt of the losses during this volatile episode. Zcash was a standout mover, surging 17% and alone accounting for $56 million in forced position closures. The scale of liquidations reflects the significant leverage many traders had taken on in the market.

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