$ZEC just fell 8.8% to $1,469, swinging between $1,456.92 and $1,679.83 in the past 24h — a wide range. Volume is running 1.57x above average at $386M, so this isn't a quiet drift down.
Short positioning is heavy too: 63.3% short vs 36.7% long, and open interest is down 20.4% to $660M.
$UNI is moving in sync, down 8.4% to $8.92 on a 1.79x volume spike, with its own open interest down 23.3%.
$BTC is softer as well, -3.0% at $83,248, so this looks like a broad pullback rather than coin-specific news.
Watch whether ZEC holds its 24h low near $1,457 or breaks it.
Are you watching for a bounce here, or does this trend still look intact?
#Altcoins #MarketUpdate #CryptoMarket
Not financial advice. DYOR.
Short positioning is heavy too: 63.3% short vs 36.7% long, and open interest is down 20.4% to $660M.
$UNI is moving in sync, down 8.4% to $8.92 on a 1.79x volume spike, with its own open interest down 23.3%.
$BTC is softer as well, -3.0% at $83,248, so this looks like a broad pullback rather than coin-specific news.
Watch whether ZEC holds its 24h low near $1,457 or breaks it.
Are you watching for a bounce here, or does this trend still look intact?
#Altcoins #MarketUpdate #CryptoMarket
Not financial advice. DYOR.