📉 $345M Crypto Liquidations After Fed Rate Hike
🇺🇸 The Federal Reserve raised rates by 25 bps to 3.75%–4.00%, triggering fresh volatility across crypto markets.
💥 Around 86,816 traders were liquidated, with total losses reaching $345M. Shorts accounted for about $208M, while longs saw $137M in liquidations.
🟢 Meanwhile, Zcash (ZEC) surged more than 17% to nearly $1,358, standing out while the broader market remained volatile. ZEC itself accounted for roughly $56M in liquidations.
👀 Is ZEC showing independent strength, or could this rally be driven mainly by leveraged positioning?
#Zcash #CryptoLiquidations #FederalReserve #CryptoMarket
🇺🇸 The Federal Reserve raised rates by 25 bps to 3.75%–4.00%, triggering fresh volatility across crypto markets.
💥 Around 86,816 traders were liquidated, with total losses reaching $345M. Shorts accounted for about $208M, while longs saw $137M in liquidations.
🟢 Meanwhile, Zcash (ZEC) surged more than 17% to nearly $1,358, standing out while the broader market remained volatile. ZEC itself accounted for roughly $56M in liquidations.
👀 Is ZEC showing independent strength, or could this rally be driven mainly by leveraged positioning?
#Zcash #CryptoLiquidations #FederalReserve #CryptoMarket
