Zcash Falls 13% to $1,087 as $20M in Liquidations Hit, 88.7% Longs
- —ZEC fell 13% to $1,087, trading between $1,079.98 and $1,263.87 in 24 hours
- —ZEC liquidations reached $20.09 million, 88.7% from long positions
- —Perpetual futures open interest remains elevated at $3.586 billion
- —Grayscale ZCSH ETF saw $5.19 million in net outflows on Oct 13
Why it matters: ZEC faces macro pressure and ETF outflows, while a heavy long skew leaves room for further liquidations below $1,080.
Source: The Crypto Times