🚨 US CPI: BTC PLUNGES AND LIQUIDATIONS ACCELERATE ZEC'S DROP!
The crypto market had been trading sideways overnight, with a neutral-to-bullish bias. After the US CPI was released, the outlook changed: BTC lost support levels and dragged altcoins down, with ZEC extending its losses.
The macroeconomic factor: Monthly CPI came in at 0.6%, as expected. However, core inflation rose 0.3%, above the 0.2% forecast, while annual CPI reached 3.7%, compared with expectations of 3.6%. The figures reinforce concerns about persistent inflation and the possibility of interest rates staying higher for longer, putting pressure on risk assets.
📉 $BTC and $ZEC : a domino effect
BTC lost the $83,000 area, with heavy selling volume and the 15-minute RSI near 24.
ZEC broke below $1,220 and accelerated its decline to $1,175–$1,180. On the 1-hour and 4-hour charts, the price remains below the key EMAs, while lower lows highlight selling pressure.
🔥 Liquidations confirm the intensity:
According to the Coinglass dashboard, ZEC recorded $3.70 million in liquidations over the past 4 hours. Of that total, $3.24 million (87.5%) came from long positions.
The pattern is familiar: falling prices, forced liquidations, and further market selling, creating the potential for a chain reaction.
🎯 Levels to watch:
🔴 Below $1,175: watch the $1,170 area and lower liquidity zones.
🟢 Recovery to $1,200–$1,220: could support a bounce, but would not yet confirm a reversal.
⚠️ Conclusion: the outlook combines macroeconomic pressure, a decline in BTC, and long liquidations in ZEC. The next move will depend on the price reaction, volume, and whether support levels are regained—or lost.
💬 Are we seeing a cascade of liquidations or the beginning of a deeper correction?
#BTC #ZEC #CPIWatch #BinanceSquare #Liquidations
The crypto market had been trading sideways overnight, with a neutral-to-bullish bias. After the US CPI was released, the outlook changed: BTC lost support levels and dragged altcoins down, with ZEC extending its losses.
The macroeconomic factor: Monthly CPI came in at 0.6%, as expected. However, core inflation rose 0.3%, above the 0.2% forecast, while annual CPI reached 3.7%, compared with expectations of 3.6%. The figures reinforce concerns about persistent inflation and the possibility of interest rates staying higher for longer, putting pressure on risk assets.
📉 $BTC and $ZEC : a domino effect
BTC lost the $83,000 area, with heavy selling volume and the 15-minute RSI near 24.
ZEC broke below $1,220 and accelerated its decline to $1,175–$1,180. On the 1-hour and 4-hour charts, the price remains below the key EMAs, while lower lows highlight selling pressure.
🔥 Liquidations confirm the intensity:
According to the Coinglass dashboard, ZEC recorded $3.70 million in liquidations over the past 4 hours. Of that total, $3.24 million (87.5%) came from long positions.
The pattern is familiar: falling prices, forced liquidations, and further market selling, creating the potential for a chain reaction.
🎯 Levels to watch:
🔴 Below $1,175: watch the $1,170 area and lower liquidity zones.
🟢 Recovery to $1,200–$1,220: could support a bounce, but would not yet confirm a reversal.
⚠️ Conclusion: the outlook combines macroeconomic pressure, a decline in BTC, and long liquidations in ZEC. The next move will depend on the price reaction, volume, and whether support levels are regained—or lost.
💬 Are we seeing a cascade of liquidations or the beginning of a deeper correction?
#BTC #ZEC #CPIWatch #BinanceSquare #Liquidations