A high-volume breakdown is often intuitively interpreted as one-sided selling pressure, but the balance between market buy and sell orders often has a different structure.
Spot $ZEC moved out of its previous four-hour range of $1,048.67 to $1,199.82, most recently closing at $1,031.08.
Trading volume during the breakdown rose to nearly three times its usual average, yet the share of aggressive market buys remained close to 49%, indicating that substantial active trading at lower levels was absorbing selling pressure.
This high turnover, with buyers and sellers evenly matched, broke the previous balance range. Having moved away from its former midpoint, the price is now seeking a new supply-and-demand equilibrium at a lower level.
Spot $ZEC moved out of its previous four-hour range of $1,048.67 to $1,199.82, most recently closing at $1,031.08.
Trading volume during the breakdown rose to nearly three times its usual average, yet the share of aggressive market buys remained close to 49%, indicating that substantial active trading at lower levels was absorbing selling pressure.
This high turnover, with buyers and sellers evenly matched, broke the previous balance range. Having moved away from its former midpoint, the price is now seeking a new supply-and-demand equilibrium at a lower level.