Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ZEC Zcash price decline triggered massive liquidation, rising momentum cooling
Zcash (ZEC) has encountered strong selling pressure after breaking through the $1200 mark recently. Prices subsequently retreated about 16 per cent from their highs, leading to a massive liquidation of leveraged positions. The data showed that ZEC's liquidation in the past 24 hours totaled $28.37 million, with long positions accounting for most of the losses.
Falling prices triggered massive liquidation
During this period, long liquidations amounted to $23.75 million, while short liquidations amounted to $4.62 million. The data suggests that many traders were betting on further price increases before the market reversed. As Zcash prices fell from highs, selling pressure gradually increased.
In the past 12 hours, the liquidation amount reached US$11.49 million, of which long liquidation accounted for US$9.4 million. In the most recent four-hour period, total liquidations were $1.34 million; short positions accounted for $1.19 million as traders quickly adapted to the change in price direction.
Despite the decline, ZEC prices remained above the main moving average on the daily chart. The 20-day moving average is around $910, while the 50-day and 100-day moving averages are around $689 and $646, respectively. The long-term moving average is close to $531.
Zcash prices soared from less than $500 to more than $1200 in just a few weeks. This rapid increase has created a huge gap between market prices and key trend levels. This decline has narrowed some of the gap, and the market is currently watching whether buyers can hold a higher support area.
Kinetic energy cooling after sharp rise
The Relative Strength Index (RSI) has retreated from the overbought zone to around 64. Although the readings are still above the neutral zone, they suggest weakening momentum after the recent rebound. After experiencing sharp rises and reversals, price volatility remains high.
The cooling down of RSI has been accompanied by a large amount of profit-taking and selling pressure from leveraged traders forced to close their positions. The current market focus is on whether Zcash prices can stabilize after the wave of liquidations. A more stable trading range is expected to relieve pressure on leveraged positions and help the market form clearer support levels.
Traders are closely watching the US$1050 to US$1100 area for short-term support. Holding that range will allow ZEC to consolidate after recent declines and try to move up again. If it breaks below this area, selling pressure may intensify.
If support fails, Zcash prices may move closer to $910 near the 20-day moving average. Currently, ZEC remains above broader trend levels, but price fluctuations remain large. During the market adjustment process, traders continue to monitor support levels, momentum indicators and clearing data.
