Markets· ★★★· bearish·

Zcash drops 13% to $1,036–1,162 demand zone as long liquidations mount

  • —ZEC fell roughly 13% in 24 hours into the $1,036–1,162 demand zone
  • —Long liquidations topped $13 million versus just $1.3 million in shorts
  • —Average funding rate rose to 1.42% against a predicted 0.29%
  • —Spot netflows have been negative for two consecutive days
Why it matters: A break below $1,036 would invalidate the bullish setup and deepen losses, while a rebound could stabilize the price.
#ZEC
Source: AMBCrypto
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