Zcash (ZEC) has become the most shorted asset among the top 10 cryptocurrencies following a network breach and price declines. Despite a nearly 20% drop this year and over 37% in the past month, technical analysis shows ZEC still holds long-term support above its 200-day moving average near $410. The heavy short interest could trigger a short squeeze if positive catalysts emerge, forcing short sellers to buy back positions and potentially driving the price sharply higher. While momentum remains weak, the current market positioning makes Zcash an intriguing contrarian opportunity for investors anticipating a reversal.
Bitcoin remains above $62,500 and ether near $1,665, but weak price action and growing bearish derivatives positioning indicate bears control the crypto market. Despite some altcoins like monero and jupiter gaining 2-4%, the lack of a strong bounce a...
A sharp sell-off in the cryptocurrency market caused over $700 million in liquidations, with Bitcoin falling below $62,000 and wiping out recent gains. Long positions accounted for 80% of the losses, hitting Bitcoin and Ethereum hardest with combined...
LAB token jumped 20.64% to $15.08, reaching a $4.79 billion market cap, driven by platform updates. Other altcoins like Worldcoin, Venice Token, and Pump.fun also saw gains, reflecting growing interest in decentralized applications and DeFi. Meanwhil...
Nearly $404 million in leveraged crypto positions were liquidated in 24 hours, mostly from short sellers as Bitcoin and Ethereum prices rose modestly. About 72% of liquidations were shorts, indicating a short squeeze that forced bearish traders out. ...
The upcoming Ironwood hard fork of Zcash will be supported by Keystone hardware wallets from launch, following a critical security fix in the Orchard pool that prevented counterfeit ZEC creation. Keystone's firmware update and Nexus app improvements ...
