Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side. Zcash plunged after a newly disclosed vulnerability in the privacy token's Orchard pool raised doubts about the integrity of the token supply. Despite a drop that neared 50% over 24 hours, futures liquidations were relatively limited and open int…
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