Post
HunterCapital
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$ZEC / Zcash
{future}(ZECUSDT)
Look at the cluster of long positions that were wiped out as the price plummeted to around $380.
If you're wondering why the drop was so severe, the liquidity heatmap explains it clearly: as soon as the $450 mark was broken, a chain reaction of liquidations was triggered.
Currently, the price is falling into the 'liquidity vacuum' between the current level and the next strong support cluster in the $300–370 range.
If $ZEC does not quickly reclaim the $450 mark, this area is likely to become the next liquidity grab point.
{future}(ZECUSDT)
Look at the cluster of long positions that were wiped out as the price plummeted to around $380.
If you're wondering why the drop was so severe, the liquidity heatmap explains it clearly: as soon as the $450 mark was broken, a chain reaction of liquidations was triggered.
Currently, the price is falling into the 'liquidity vacuum' between the current level and the next strong support cluster in the $300–370 range.
If $ZEC does not quickly reclaim the $450 mark, this area is likely to become the next liquidity grab point.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.