Zcash surged approximately 70% in just a few days, pushing CryptoQuant’s risk indicator into extreme territory. Historically, abnormal Zcash growth during Bitcoin consolidation periods has preceded major market corrections. Zcash’s price has corrected to $779.38 with a total market capitalization of $13.13 billion. Currently, $1.53 billion remains locked in Zcash margin positions, representing over 11% of the market cap. Trading volumes dropped 25% in 24 hours while futures selling surged 101.68% over four hours, raising the risk of cascading forced liquidations.
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