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Largest Zcash bull faces $19.68M liquidation risk as price nears critical $494.55 level

Market News
18 May 2026
UToday
View Source
Bearish
pluang ai news

A major Zcash investor holding a $19.68 million 10x leveraged long position is close to full liquidation as ZEC price nears $494.55, just 6% below current levels. This high-stakes position tests the narrative of Zcash as "the next Bitcoin," supported by industry heavyweights and plans for a Zcash spot ETF. The liquidation risk highlights the dangers of high leverage despite strong fundamentals and market support around $450-$500. The outcome will impact perceptions of Zcash's resilience and its role in the crypto market.

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