ZEC is down, but trading volume hasn’t cooled off.
The contract is trading around 1,255, down about 5.8% over 24 hours.
It dipped as low as 1,235, with roughly 1.39 billion U in trading volume for the day.
Open interest value has fallen from around 578 million U to 550 million U.
Long and short accounts are close to evenly split, and the funding rate is around 0.01%.
Prices are down, and open interest value has also declined,
but that’s not enough to tell who’s closing out positions.
I’ll first look at buying support near the intraday low,
rather than calling every pullback a shakeout.
$ZEC #Zcash
Personal opinion only; not investment advice
The contract is trading around 1,255, down about 5.8% over 24 hours.
It dipped as low as 1,235, with roughly 1.39 billion U in trading volume for the day.
Open interest value has fallen from around 578 million U to 550 million U.
Long and short accounts are close to evenly split, and the funding rate is around 0.01%.
Prices are down, and open interest value has also declined,
but that’s not enough to tell who’s closing out positions.
I’ll first look at buying support near the intraday low,
rather than calling every pullback a shakeout.
$ZEC #Zcash
Personal opinion only; not investment advice