ZEC Jumps 32% to $1,514 Amid Long Liquidations and $51M Short
- —ZEC trades at $1,514.44, up 32.01% in 24 hours
- —Volume at $2.65 billion, 95.48% above the 30-day average
- —$17.2 million in longs liquidated, open interest down 20%
- —Garrett Jin's short on ZEC stands at $51 million
Why it matters: Extreme overbought conditions (RSI 79.2) and a large institutional short create the risk of a sharp correction or a short squeeze.
Source: DiarioBitcoin