Zcash Tops $1,300: $51.6M in Shorts Liquidated, Market Cap $23B
- —ZEC trades at $1,354.75, up 1.32% in 24 hours, session high $1,396
- —Over 24 hours, $57.8 million in ZEC positions were liquidated, $51.63 million of which were shorts
- —Zcash's market cap exceeded $23 billion
- —NU7 vote: 25-second blocks and halvings supported, with 2.4 million ZEC participating
Why it matters: The short squeeze fueled ZEC's rally; holding above $1,300 keeps the bullish scenario intact, while a break below $1,200 would cancel it.
Source: Coin Edition