Zcash Futures Crash 859% as Long Positions Get Wiped Out: What Next?

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Zcash fell 5.98% over 24 hours to $1,190, the largest decline among the top ten cryptocurrencies by market capitalization. ZEC futures open interest dropped 3.35% to $2.44 billion, while cumulative volume delta was the most negative, indicating that market-order selling outweighed buying. Futures flows plunged 859.86%, with $1.96 billion in outflows against $1.87 billion in inflows. Liquidations totaled $15.76 million, including $12.96 million in long positions and $2.81 million in short positions. Binance reopened ZEC withdrawals after a hack affecting nearly $6.3 billion in client assets, while the NU7 upgrade is scheduled for around November 5.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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