Zcash Jumps 4.87% to $1,605 on Record Short Liquidations and 21Shares ETP Launch
- —ZEC trades at $1,605.31, up 4.87% in 24 hours and 93.38% in 30 days
- —Daily volume hit $1.94 billion, 35% above the 30-day average
- —KuCoin reported $13.4 million in short liquidations within four hours
- —RSI at 74 signals overbought conditions and correction risk
Why it matters: Institutional access via a European ETP strengthens the privacy narrative, but overbought conditions raise the risk of a sharp pullback.
Source: DiarioBitcoin