Zcash just lost the $1,000 psychological level—and the data behind the drop shows how fast leveraged sentiment can flip.
According to a market investigation by Kairos Research, the selloff accelerated on Nov. 10 after a 12,500 ZEC long position on Hyperliquid was closed via market orders in just two seconds, right as Bitcoin began pulling back. Within 90 minutes, ZEC dropped from $1,193 to $1,001 as traders offloaded a net 160,000 ZEC across major perpetual futures exchanges—led by Binance (74,000 ZEC) and OKX (42,000 ZEC). Spot markets also saw around 27,000 ZEC in net taker selling, alongside fresh deposits from previously dormant wallets, pushing ZEC down near $965 by Nov. 12.
This move highlights how fragile high-leverage altcoin rallies become when BTC stalls and long positions unwind all at once. Heavy derivatives pressure combined with older wallets moving coins to exchanges leaves bulls with real overhead resistance to clear.
Do you think ZEC can reclaim $1,000 soon, or is more downside ahead? 📉
#ZEC #zcash #CryptoTrading. #Altcoins!
$BARD $ZEC $PEPE
According to a market investigation by Kairos Research, the selloff accelerated on Nov. 10 after a 12,500 ZEC long position on Hyperliquid was closed via market orders in just two seconds, right as Bitcoin began pulling back. Within 90 minutes, ZEC dropped from $1,193 to $1,001 as traders offloaded a net 160,000 ZEC across major perpetual futures exchanges—led by Binance (74,000 ZEC) and OKX (42,000 ZEC). Spot markets also saw around 27,000 ZEC in net taker selling, alongside fresh deposits from previously dormant wallets, pushing ZEC down near $965 by Nov. 12.
This move highlights how fragile high-leverage altcoin rallies become when BTC stalls and long positions unwind all at once. Heavy derivatives pressure combined with older wallets moving coins to exchanges leaves bulls with real overhead resistance to clear.
Do you think ZEC can reclaim $1,000 soon, or is more downside ahead? 📉
#ZEC #zcash #CryptoTrading. #Altcoins!
$BARD $ZEC $PEPE