Posteo

Zcash (ZEC) plunged nearly 50% in 24 hours, trading around $272.79. According to CoinGlass, total ZEC liquidations reached $81.91M, with long positions accounting for the majority ($70.55M), highlighting aggressive forced unwinds. The sharp decline is attributed to concerns around the Orchard pool vulnerability, alongside reports that BitMEX co-founder Arthur Hayes fully exited his ZEC position, intensifying selling pressure and triggering cascading liquidations.