Since the peak of $748 reached last month, ZEC has fallen by 50%. Such a steep decline often attracts investors who believe they have missed previous opportunities.
This perception encourages derivatives traders to anticipate a rebound in December. As a result, the accumulated liquidation volume in long positions has increased.
Traders also found another reason to bet on long positions. Zooko Wilcox, founder of Zcash, will participate in a debate organized by the SEC on December 15 about cryptocurrencies, financial oversight, and privacy. Investors hope that his participation will increase support for altcoins that promote privacy, including ZEC.
If long positions remain overly confident without stop loss plans, long traders may face up to $98 million in liquidations if ZEC falls towards $295 this week.
$ZEC
{future}(ZECUSDT)
This perception encourages derivatives traders to anticipate a rebound in December. As a result, the accumulated liquidation volume in long positions has increased.
Traders also found another reason to bet on long positions. Zooko Wilcox, founder of Zcash, will participate in a debate organized by the SEC on December 15 about cryptocurrencies, financial oversight, and privacy. Investors hope that his participation will increase support for altcoins that promote privacy, including ZEC.
If long positions remain overly confident without stop loss plans, long traders may face up to $98 million in liquidations if ZEC falls towards $295 this week.
$ZEC
{future}(ZECUSDT)
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ZEC
438.29
+6.08%