🚨 $ZEC CRASHED BELOW $1,000 - 5th Biggest Long Squeeze Ever!
ZEC is trading at $987.15 right now, down -13.5% in 24h and -24% in 7 days.
Market Cap: $16.91B | Rank: #11 | 24h Volume: $1.08B
Circulating Supply: 16.96M / Max 21M
WHAT JUST HAPPENED?
1. NU7 UPGRADE DONE, BUT PRICE DUMPED
On Nov 5-6, Zcash activated NU7 at block 3,543,405.
Block time: 75 sec -> 25 sec
60% fees now go to Network Sustainability Mechanism
21M supply cap UNCHANGED
Sprout pool 12,224 ZEC locked forever
Market ignored the upgrade. Classic "Buy the rumor, Sell the news".
2. $40.63M LIQUIDATED IN 24H
$35.35M longs wiped out - 83% longs.
This is the 5th highest long liquidation EVER for $ZEC .
Open Interest crashed -10% to $2.24B.
Traders are closing positions, not opening new shorts.
3. GRAYSCALE TRIED TO SAVE IT
Nov 10: Grayscale launched "Zcash Invest" + pledged $1M to ecosystem.
But ZCSH ETF saw $15M+ outflows in Nov, after $46.25M outflows in Oct.
Institutions are selling, retail is panicking.
WHY ZEC STILL MATTERS IN 2026?
ZEC is up +93% YTD and +121% in 1 Year.
ATH this year: $1,697 on Sep 27.
It was #10 coin last week. Privacy coins are the ONLY sector that outperformed $BTC in Oct.
KEY LEVELS - SAVE THIS:
Support: $969.45 -> $960.56 (Today's low)
If breaks: $800 target -15% more downside
Resistance: $1,000 psychological -> $1,138.95
Liquidation cluster: $1,007 - $1,055 - Short squeeze zone above $1,000
MY TAKE:
Below $1,000 is FEAR zone, not a dead coin zone.
If ZEC reclaims $1,000 with volume, shorts at $1,007-$1,055 will get squeezed fast.
If it closes daily below $969, stay away.
Are you buying this ZEC
dip or waiting for $800?
Comment your entry 👇
Source: Binance / CoinGlass / Grayscale Announcement 10 Nov
Not financial advice. DYOR.
#Zcash #Privacy #CryptoNews $AAPLB
#BTC #Binance
ZEC is trading at $987.15 right now, down -13.5% in 24h and -24% in 7 days.
Market Cap: $16.91B | Rank: #11 | 24h Volume: $1.08B
Circulating Supply: 16.96M / Max 21M
WHAT JUST HAPPENED?
1. NU7 UPGRADE DONE, BUT PRICE DUMPED
On Nov 5-6, Zcash activated NU7 at block 3,543,405.
Block time: 75 sec -> 25 sec
60% fees now go to Network Sustainability Mechanism
21M supply cap UNCHANGED
Sprout pool 12,224 ZEC locked forever
Market ignored the upgrade. Classic "Buy the rumor, Sell the news".
2. $40.63M LIQUIDATED IN 24H
$35.35M longs wiped out - 83% longs.
This is the 5th highest long liquidation EVER for $ZEC .
Open Interest crashed -10% to $2.24B.
Traders are closing positions, not opening new shorts.
3. GRAYSCALE TRIED TO SAVE IT
Nov 10: Grayscale launched "Zcash Invest" + pledged $1M to ecosystem.
But ZCSH ETF saw $15M+ outflows in Nov, after $46.25M outflows in Oct.
Institutions are selling, retail is panicking.
WHY ZEC STILL MATTERS IN 2026?
ZEC is up +93% YTD and +121% in 1 Year.
ATH this year: $1,697 on Sep 27.
It was #10 coin last week. Privacy coins are the ONLY sector that outperformed $BTC in Oct.
KEY LEVELS - SAVE THIS:
Support: $969.45 -> $960.56 (Today's low)
If breaks: $800 target -15% more downside
Resistance: $1,000 psychological -> $1,138.95
Liquidation cluster: $1,007 - $1,055 - Short squeeze zone above $1,000
MY TAKE:
Below $1,000 is FEAR zone, not a dead coin zone.
If ZEC reclaims $1,000 with volume, shorts at $1,007-$1,055 will get squeezed fast.
If it closes daily below $969, stay away.
Are you buying this ZEC
dip or waiting for $800?
Comment your entry 👇
Source: Binance / CoinGlass / Grayscale Announcement 10 Nov
Not financial advice. DYOR.
#Zcash #Privacy #CryptoNews $AAPLB
#BTC #Binance
