🚨 Zcash Bulls REKT! 1,374% Liquidation Imbalance 📉

$ZEC experienced a massive 1,374% liquidation imbalance in the last 12 hours, wiping out $1.44 million in long positions. Despite recent gains – a 28% surge in one week while other privacy coins lagged – the price plummeted from $455.22 to $414.06, shaking investor confidence.

Currently trading at $418.86 (down 6.62% daily), $ZEC’s volume is also declining. While short traders also faced losses, the broader sentiment remains surprisingly bullish, fueled by Grayscale’s S-3 filing for a potential Zcash ETF – a first for the U.S. market. A $1000X billion market cap could be within reach if institutional interest grows. 🚀

#Zcash #PrivacyCoin #CryptoETF #ZEC 🐻

ZECUSDT

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