Zcash Rises 17% as Crypto Liquidations Reach $345 Million

Zcash climbed 17% as forced closures across the crypto market reached $345 million, according to CoinDesk. Short sellers absorbed most of the losses during the move, with Zcash alone accounting for $56 million in liquidations. The figures highlight the scale of pressure on traders positioned for declines as the market moved higher. No further details on the broader distribution of liquidations were provided in the source material. ZEC was among the assets linked to the market update.