๐จ $ZEC Liquidations Explode โ Over $108 Million Wiped Out in 24 Hours ๐ฅ
Zcash just saw a bloodbath in the derivatives market.
According to Coinglass data, total liquidations on ZEC surpassed $108 million in the past 24 hours, with long positions accounting for a massive $76.96 million.
This suggests a sharp price drop triggered a brutal cascade of leveraged long liquidations. The privacy coin, which had been showing strength earlier, got hit hard as traders betting on continuation got squeezed out.
High liquidation volumes like this often mark local capitulation points, but they also increase volatility and can lead to further downside pressure if momentum doesnโt reverse quickly.
Current Context: ZEC remains one of the stronger privacy-focused coins, but itโs highly sensitive to leveraged trading swings and broader market sentiment.
$108M+ liquidated on $ZEC โ bottom is in or more pain ahead? Are you buying this dip or staying away? Drop your thoughts ๐
