Stunning $166M in Crypto Futures Liquidations Shake Markets – BTC Shorts and ETH Longs Suffer Most
Massive Liquidations in Crypto Markets: The cryptocurrency markets faced a significant shakeout with $166 million in crypto futures liquidations within 24 hours, primarily affecting Bitcoin and Ethereum positions.
Causes of Liquidations: Extreme market volatility triggered automatic margin calls, leading to forced closures of positions, particularly impacting traders who were heavily positioned against Bitcoin and in favor of Ethereum.
Impact on Market Sentiment: The liquidation event highlights trader sentiment extremes, indicating potential trend reversals as weak positions are flushed out, resetting market structure.
Risk Management Strategies: To avoid future liquidations, traders are advised to implement proper risk management techniques, including appropriate position sizing, setting stop-loss orders, and maintaining adequate margin buffers.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC) As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 24.399 | 104.485 | 181.439 | 261.525 | 338.479 | 418.565 | 495.519 |
| Fibonacci | 104.485 | 164.474 | 201.535 | 261.525 | 321.514 | 358.575 | 418.565 |
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