Zcash drops over 10% as leveraged rally unwinds
- —ZEC fell more than 10% during the session
- —Analysts blame leverage accumulated in perpetual futures during the rally
- —A cascade of long liquidations added selling pressure
- —No public evidence that AI has broken Zcash cryptography
Why it matters: The selloff will show whether excess leverage has been flushed out or a longer ZEC correction is beginning.
Source: CriptoTendencias