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.
Yesterday, there was too much news, and everyone expressed their opinions. However, Trump will give a national speech on Thursday, which may preview the New Year policies. This news could be more explosive than any other.
But regardless of what happens later, there will definitely be a rebound. First, the peace negotiations between China and the US are taking shape, and the war is calming down, etc.
So let's look at the longer-term picture for the list and see what's going on with $SOL on the weekly chart 🤔
Currently, SOL has tested its effective support level around 120 multiple times, exceeding 3 times. For nearly a month, the price has been steadily supported by the 200 moving average. We can also see significant similarities in the two MACD areas: a dead cross above the 0 line, and a slow rise forming a golden cross below the 0 line. I guess this golden cross here can be formed.
So we are now positioning a long position on SOL. If we hit a profit, we will be happy; if we incur a loss, a risk-reward ratio of 2:1 is also appropriate. If we don't hit, it doesn't matter.
Entry point ❤️ around 120 for long, stop loss around 94.65, take profit around 173, 3x
Can everyone guess if it will go according to the prediction? 👀
[Record of Cultivation in the Crypto World] 💗💗 Don't be afraid of the waterfall in the deep night; it's a washout and also an expansion of the prize pool. Only those who can endure the darkest K-line are qualified to receive the gains at dawn. #BinanceABCs
Recently, why are so many people starting to talk about Zama? Following it, I truly understood the path of $FHE .
To be honest, before Zama became popular, my understanding of it was quite shallow. I only knew it was a 'bottom layer for privacy', but what FHE is and what it can do was unclear. After Zama gained traction, I spent quite a bit of time going through materials, reading papers, and digging down the project, only to realize that this thing is fundamentally not just a 'privacy narrative'.
If you categorize on-chain privacy solutions by generations, there were actually three main ideas in the past.
One is the mix of coins and stealth addresses, which solves the problem of 'not seeing who is who', but the compliance pressure is enormous, essentially a high-risk area.
Another is ZK, which can prove you're right, but the problem is it’s more like a 'proof system' rather than a 'computation system'. You can prove the outcome, but many complex logics cannot be computed by themselves.
The third is off-chain computation and on-chain accounting. The performance is there, but the trust cost is all on the intermediary, and it essentially remains a shell of Web2.
#FHE is completely a different path.
It does not solve 'how to hide', but rather: can data in an encrypted state be directly computed?
Without decrypting or exposing, the result can still be verified.
From a cryptographic perspective, this is a ceiling-level achievement.
【Cryptocurrency Journey】💗💗 The sowing in a bear market is only for the harvest in a bull market.
During market lows, it is a trial ground for faith and understanding. True builders are never afraid of the cold winter; they cultivate in places where no one pays attention and lay out plans amidst skepticism. Remember: all the shiny leaps in wealth stem from the seeds you quietly planted during others' panic. Wait patiently for the season, and let the cycle crown you. #巨鲸动向
【Cryptocurrency Journey】💗💗 Crossing the cognitive gap to embrace the gifts of the era.
Wealth is never distributed randomly; it only flows to those who can understand the trends. Every industry disruption is accompanied by the collapse of old thinking and the reconstruction of new logic. Don't carve the boat to seek the sword within traditional understanding; bravely break the information cocoon. When what you understand is no longer 'trading coins,' but the reconstruction of value networks, you hold the passport to the future. #巨鲸动向