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via CoinDesk · By CoinDesk Staff

Bearish zcash (ZEC) bets hit record highs as price crashes

ZEC

ZEC/USDT

$452.73

-1.90%

$452.73

-1.90%

(24s)

24h Volume

$606,616,408.02

24h H/L

$466.67 / $437.73

Change: $28.94 (6.61%)

Funding Rate

+0.0050%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$452.36

▼ -2.14%

Volume (24h): -

Resistance Levels

Resistance 3$586.8263

Resistance 2$492.4909

Resistance 1$466.5233

Price$452.36

Support 1$438.7373

Support 2$410.2167

Support 3$389.43

Pivot (PP):$451.9233

Trend:Sideways

RSI (14):51.2

CoinDesk Staff

(12:54 PM UTC)

1 min read

Reviewed byJames Mitchell

724 views

0 comments

Bearish zcash bets hit record high as privacy token's price crashes

Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.

Bearish bets on privacy-focused zcash (ZEC) climbed to a record as the token slumped…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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