Zcash Squeezes Past $1,000 as Shorts Get Wrecked
Zcash just ripped 20% to hit the $1,000 mark, and the move looks like classic short-seller pain — $34 million wiped out on the way up. When a coin gaps this hard, it's often as much about forced buying from squeezed shorts as it is organic demand. Worth watching whether $1,000 holds as support or turns into a quick fade once the squeeze runs out of steam.
#Crypto #CryptoNews #BarakahBot
Zcash just ripped 20% to hit the $1,000 mark, and the move looks like classic short-seller pain — $34 million wiped out on the way up. When a coin gaps this hard, it's often as much about forced buying from squeezed shorts as it is organic demand. Worth watching whether $1,000 holds as support or turns into a quick fade once the squeeze runs out of steam.
#Crypto #CryptoNews #BarakahBot
