BS Choo 118

We’re Analyzing Market-Driven Liquidations! Looking at the past few hours, the most significant liquidation activity occurred on $ZEC . The main reason for this was that it surpassed the $1,000 level, reaching a #zechitsanewalltimehigh The fact that it even outperformed $BTC and $ETH shows just how intense trading activity has been on ZEC. This rally could remain a liquidity-driven move, but since the $1,000 level which investors had been anticipating was finally breached, the broader market is pleased with this development. In my opinion, 60–70% of this rise was due to market manipulation and liquidity buying, but let’s keep an eye on it and see what happens.