Why Is ZEC Going Against the Market? Short Selling May Be the Reason
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4 Articles
Key points of the news: Zcash held on to $1,200 while Bitcoin was trading under $80,000, with ZEC rising about 2% in the snapshot and showing relative strength. The open interest exceeded $1.5 billion while short positions were still present, and the advance could be partially amplified by a small short squeeze. A later reading placed ZEC about $1.217.61, over $1,200, but the leverage and positions maintain risk of settlement in both directions.…
The long position of top processors in Hyperliquid, Lighter, dYdX and Pacifica dropped 12 percent to 9 percent in nine hours; the long ones fell to $324 million.
7-Day Top Crypto Traders' Long Share Rises From 7% to 12% Overnight; Zcash (ZEC) Goes From 37 Long and 77 Short to 52 Long and 62 Short While the 24-Hour and 30-Day Groups Stay 90% Short
Top-100 positions on Hyperliquid, Lighter, dYdX and Pacifica as of 8:07 a.m. KST Oct. 27: the 7-day group's long notional rose from $232M to $396M since the Oct. 26 evening edition (long share 7% to 12%), led by ZEC. …
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