The privacy coin extended its multi-month rally on Tuesday with $46.7 million in shorts liquidated, after Multicoin Capital disclosed a significant ZEC position. Zcash surged nearly 30 percent to $543 on Tuesday, extending its 30-day gain to more than 110 percent and triggering about $62 million in futures liquidations, mostly from short sellers. The rally followed Multicoin Capital’s disclosure that it has been accumulating a large Zcash position, arguing that ZEC’s shielded transactions offer…
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