🚨 $636.99M ZEC OI: Which whale is placing a massive bet?
Zcash () is seeing massive Open Interest (OI) of ~$636.99M, alongside 24-hour trading volume of up to ~$323.64M. This suggests significant capital is flowing in.
With ZEC down 4.6% over the past 24 hours and the funding rate slightly positive at ~+0.0013%/hour, which side is under pressure? 🐳 When that much capital is in play, the risk of liquidation is always looming and could trigger extreme price volatility.
Will we witness a major squeeze or a sudden wave of profit-taking? This isn’t investment advice, but if you were in this position, which side would you take in this Long-versus-Short battle?
#ZEC #CanMicrosoftDeliverOnAI $ZEC
Zcash () is seeing massive Open Interest (OI) of ~$636.99M, alongside 24-hour trading volume of up to ~$323.64M. This suggests significant capital is flowing in.
With ZEC down 4.6% over the past 24 hours and the funding rate slightly positive at ~+0.0013%/hour, which side is under pressure? 🐳 When that much capital is in play, the risk of liquidation is always looming and could trigger extreme price volatility.
Will we witness a major squeeze or a sudden wave of profit-taking? This isn’t investment advice, but if you were in this position, which side would you take in this Long-versus-Short battle?
#ZEC #CanMicrosoftDeliverOnAI $ZEC
