A whale is currently experiencing a floating loss of $6.75 million after shorting ZEC using five times leverage. The liquidation price for this position is set at $812.3. Such high leverage positions can result in significant financial implications, especially if market movements are unfavorable. In this case, the whale’s substantial loss reflects the risks associated with leveraged trading. Liquidation occurs when the losses exceed the margin available in the account, which can happen rapidly in volatile markets.
