🔥 $ZEC Under Pressure After a Strong Dip!
The price of Zcash (ZEC) has fallen by between 7% and 12%, dropping below the $1,700 level, in the first real correction after the strong rally the coin saw during September.
📉 Data points to the liquidation of large buy positions: • A $11.38 million long position suffered a loss of nearly $1.4 million.
• Another $3.11 million position was liquidated.
• Additional long positions worth about $4.3 million were also wiped out within hours.
⚠️ Meanwhile, Zcash holders received a retroactive payout totaling $8.39 million, including $750,000 for researcher Taylor Hornby after discovering a serious security vulnerability in Orchard.
🔥 ZEC is now in an area worth watching… will this just be a correction before trying another upswing?
The price of Zcash (ZEC) has fallen by between 7% and 12%, dropping below the $1,700 level, in the first real correction after the strong rally the coin saw during September.
📉 Data points to the liquidation of large buy positions: • A $11.38 million long position suffered a loss of nearly $1.4 million.
• Another $3.11 million position was liquidated.
• Additional long positions worth about $4.3 million were also wiped out within hours.
⚠️ Meanwhile, Zcash holders received a retroactive payout totaling $8.39 million, including $750,000 for researcher Taylor Hornby after discovering a serious security vulnerability in Orchard.
🔥 ZEC is now in an area worth watching… will this just be a correction before trying another upswing?
