The entire network's ZEC perpetual contract experienced a $107 million liquidation in a 24-hour period, leading to a more than 38% decrease in open interest.

BlockBeats News, June 5th, according to Coinglass data, the total value of liquidated ZEC contracts on the entire network in the past 24 hours reached $107 million. Long positions were liquidated at $76.59 million, while short positions were liquidated at $29.98 million, with the liquidation amount ranking just below BTC and ETH.

In the past 24 hours, the total trading volume of ZEC contracts on the entire network surged by 89.28% to reach $11.55 billion; the open interest decreased by 38.56% to $836 million.