ZEC Contract Liquidations Reach $107 Million in 24 Hours, Open Interest Drops Over 38%

On June 5, data from Coinglass revealed that ZEC contract liquidations across the network amounted to $107 million in the past 24 hours, with long positions liquidating $76.59 million and short positions liquidating $29.98 million, making it the third highest liquidation amount after BTC and ETH. During this period, the total trading volume for ZEC contracts surged by 89.28% to $11.555 billion, while open interest decreased by 38.56% to $836 million.