ZEC is up 1.36% today, trading at 1335. It’s down 9.99% over the past 7 days, up 30.26% over the past 30 days, and has surged 707% in a year. This pullback has taken some heat out of the runaway bull market.
Looking at liquidation data, $2.47 million in short positions and $3.72 million in long positions were liquidated over the past 24 hours. Longs have been flushed out, suggesting that some holders are taking profits. The long/short ratio is 0.66, and large traders’ position ratio is 1.57. Retail traders are heading for the exits, while the big players are still in the game.
If the price can hold at 1330, it could consolidate and recover; if it breaks below that level, watch for 1300. That’s just how these volatile coins behave: they go up like crazy and fall just as fast. Don’t try to call the top or catch the bottom—just sit back and watch.
Looking at liquidation data, $2.47 million in short positions and $3.72 million in long positions were liquidated over the past 24 hours. Longs have been flushed out, suggesting that some holders are taking profits. The long/short ratio is 0.66, and large traders’ position ratio is 1.57. Retail traders are heading for the exits, while the big players are still in the game.
If the price can hold at 1330, it could consolidate and recover; if it breaks below that level, watch for 1300. That’s just how these volatile coins behave: they go up like crazy and fall just as fast. Don’t try to call the top or catch the bottom—just sit back and watch.
