Zcash ' s rebound has not continued in recent days, and prices have again weakened after touching $543 and continuously refreshing the low point. At the time of the closing, ZEC reported US$ 447, a decline of about 2.4 per cent in the daytime and a drop in the disk to US$ 440.
Multiple liquidations continue to expand.
With the price falling at $450, the pressure on the levers rose significantly. According to the data cited, over the past three days, over $17 million has been liquidated by ZEC, of which over $6.5 million was liquidated over the past 24 hours.
The increase in liquidation usually means a high-leveraging position that is passively out of the field and magnifies short-line fluctuations. The current passivity of this type has further exacerbated downward pressure on the market.
The whale is flat enough to be alone.
The chain monitor account number, Lokonchain, mentioned that the dealer Garret Jin had evened out the ZEC list and earned about $427 million. It was also reported that the dealer had earned $11.4 million a week earlier through the ZEC airway.
This operation has been interpreted by the market as a prudent financial follow-up. According to the article, against the backdrop of continued weak prices and rising liquidations, some large traders prefer to lock in profits rather than continue to hold multiple positions.
The empty silo rises to majority.
The Coinalyze data show that Zcash ' s pore ratio has dropped to 0.86, with about 53.6 per cent and more than 46 per cent. This means that in the current derivatives market, the viewing position has exceeded the viewing position.
In terms of technical indicators, the RSI referred to ZEC has fallen back to 45, indicating increased sales power; of the Aroon indicator, Aroon Down has risen to 71 and Aroon Up to 0, also reflecting a continuing downward trend.
If this trend continues, the market focus will continue to fall in a support position near $400. At the same time, the increase in empty space also means that price fluctuations may be further exacerbated once the purchase has suddenly recovered.