A whale withdraws 26,000 ZEC in one go
Within minutes, an address swept up and withdrew 26,070 ZEC from Binance and Kraken, worth a total of $31.93 million, at an average cost of about $1,225 per coin.
Spot coins were moved from exchanges into self-custody wallets, removing a layer of short-term selling pressure. An amount worth $31.93 million is significant for ZEC’s order book. Once the withdrawals were complete, exchange liquidity would be noticeably thinner, leaving much less resistance to upward price moves.
So, with ZEC rallying above $1,200, do you have any? Would you still dare to place a buy order at this price?
$ZEC $DASH $BTC
#ZEC #privacycoin
Within minutes, an address swept up and withdrew 26,070 ZEC from Binance and Kraken, worth a total of $31.93 million, at an average cost of about $1,225 per coin.
Spot coins were moved from exchanges into self-custody wallets, removing a layer of short-term selling pressure. An amount worth $31.93 million is significant for ZEC’s order book. Once the withdrawals were complete, exchange liquidity would be noticeably thinner, leaving much less resistance to upward price moves.
So, with ZEC rallying above $1,200, do you have any? Would you still dare to place a buy order at this price?
$ZEC $DASH $BTC
#ZEC #privacycoin