Zcash got flushed while Telegram's coin quietly led the board. 👀
Wednesday's tape was a split screen. $BTC sat near $74,000 after dipping to $72,700 on Tuesday, with a hot 0.4% US CPI print pushing odds of a Dec. rate hike to about 90% (CME FedWatch). Futures liquidations jumped 288% to $725M in 24h.
The pain was concentrated in $ZEC: down roughly 14% over 24 hours, the top altcoin liquidation at $40.3M, with open interest dropping 10.5% and money leaving Grayscale's Zcash ETF.
On the flip side, $GRAM (the renamed Toncoin) led the CoinDesk 100, up about 5% since midnight UTC, after Pavel Durov said 700,000+ wallets were created in Telegram in 48 hours.
What I'm watching:
• Whether US spot BTC ETF outflows (4th straight day, $95M Tuesday) fade or reverse
• Put-heavy Deribit positioning in the $69K–$74K zone
• If $ZEC open interest keeps shrinking or stabilizes
• Whether wallet sign-ups translate into real $GRAM usage
Fear & Greed sits at 26, and Altcoin Season is only 40/100.
Resilience or just a pause before the next leg? What's your read?
#Bitcoin #Zcash #Toncoin
Wednesday's tape was a split screen. $BTC sat near $74,000 after dipping to $72,700 on Tuesday, with a hot 0.4% US CPI print pushing odds of a Dec. rate hike to about 90% (CME FedWatch). Futures liquidations jumped 288% to $725M in 24h.
The pain was concentrated in $ZEC: down roughly 14% over 24 hours, the top altcoin liquidation at $40.3M, with open interest dropping 10.5% and money leaving Grayscale's Zcash ETF.
On the flip side, $GRAM (the renamed Toncoin) led the CoinDesk 100, up about 5% since midnight UTC, after Pavel Durov said 700,000+ wallets were created in Telegram in 48 hours.
What I'm watching:
• Whether US spot BTC ETF outflows (4th straight day, $95M Tuesday) fade or reverse
• Put-heavy Deribit positioning in the $69K–$74K zone
• If $ZEC open interest keeps shrinking or stabilizes
• Whether wallet sign-ups translate into real $GRAM usage
Fear & Greed sits at 26, and Altcoin Season is only 40/100.
Resilience or just a pause before the next leg? What's your read?
#Bitcoin #Zcash #Toncoin
