ZEC Falls 5.52% to $1,439 After $1,590 Peak; $17.2M in Longs Liquidated
- —ZEC fell 5.52% to $1,439.34 after a high of $1,580.85
- —Futures open interest dropped 20%, with $17.2 million in longs liquidated
- —Trading volume at $1.22 billion, 17.98% below the 30-day average
- —The Grayscale ETF approached $1 billion after a $233 million inflow
Why it matters: The correction looks like deleveraging rather than a trend change: ETF inflows and the November 5 NU7 upgrade support demand.
Source: DiarioBitcoin