This leg of ZEC’s decline isn’t a one-way wipeout—both longs and shorts are bleeding.
In the past 24 hours, the total ZEC liquidation amount was $19.31 million. Longs liquidated $14.17 million, while shorts were liquidated $5.14 million—shorts accounted for 26.6%, more than three times the network average (8.4%). Chasing shorts didn’t get it cheap either.
Zoom in to see it more clearly: 12 hours liquidation totaled 10.26 million, 4 hours 8.65 million. In the past 1 hour alone, another 170k was added. Liquidations have not stopped; it wasn’t a one-time dump.
On Binance, ZEC is currently trading at $1,166.67. Over the past 24 hours, it’s down 7.74%. The high was $1,293.30 and the low was $1,156.28, with a swing of nearly 12%. OKX is down 7.50% as well—high $1,293.84, low $1,153.48. The data from both exchanges match. Down 7.7% but swings 12% suggests there were significant rebounds in the middle, burying the shorts too.
$ZEC
Do you think this round of repeated withdrawals for ZEC will keep going?
View in real time: https://www.coinboss.com/zh/liquidations