Zcash jumps 23%, liquidating $51.63M in shorts
- —ZEC at $1,354.75, up about 23% in 24 hours, with a daily high of $1,396
- —Short liquidations totaled $51.63 million versus $6.17 million in longs
- —Open interest rose 48.54% to $3.08 billion, derivatives volume up 128.77%
- —99.9% of votes backed cutting block time to 25 seconds in NU7
Why it matters: The short squeeze and NU7 approval reinforce ZEC's momentum, but an RSI of 69 and a short-heavy Binance book threaten sharp volatility.
Source: CriptoFácil