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ZEC price fluctuates slightly, liquidations are moderate, and long positions dominate as the community focuses on privacy potential
On December 17, Zcash (ZEC) performed relatively steadily amid adjustments in the cryptocurrency market. According to data from CoinGlass and CoinMarketCap, the ZEC price over the past 24 hours ranged from approximately $393 to $404, with a decline of about 2.44%-3.67%. The price hit a low near $380 and peaked at $410. The 24-hour trading volume is strong, with spot trading around $300-$400 million and derivatives reaching as high as $2.8-$3.7 billion, totaling over $3 billion, with liquidity ranking among the top for privacy coins. The market capitalization is approximately $6.5 billion, ranking in the top 20. In terms of liquidations, the total liquidation amount for ZEC across the network is approximately $4.46 million, with long positions liquidated at $2.91 million and short positions at $1.54 million. The higher proportion of long positions reflects the market's short-term bullish expectations for privacy coins encountering adjustment impacts. Major platforms Binance, MEXC, and OKX are active in liquidations, but the overall scale is moderate and has not triggered a large-scale chain reaction. Opening interest is approximately $786 million, and the long-short ratio shows divergence.
The road in the cryptocurrency world has always been filled with thorns, with the euphoria after a surge, and the despair after a crash, joy when making a profit, and anxiety when being trapped. But it is precisely these ups and downs that make the final success seem even more precious.
On this road, you need to walk with reliable people who can guide you when you are confused and encourage you when you are panicking. #加密市场观察 $BTC $ETH $BNB
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🔥$FIL Consolidating, But I'm Spotting Some Bounce Potential
Price is chopping around in a tight range after the drop, overall still bearish vibe, but a few signs are hinting at possible short-term relief.
1. Volume: The sell-off to these lows came on pretty heavy volume (251M vs usual 50M average) → look like some capitulation. But the most recent candle? Volume collapsed to just 29K, which often signals the selling is getting exhausted.
2. Capital flows: Mixed bag here. Futures saw decent inflows over the last 12h (+1.2M), but longer-term (7d) still heavy outflows (-69.2M). Spot markets are net negative across all timeframes → retail demand is pretty weak right now.