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$ZEC Leverage Is Being Flushed
ZEC dropped ~10–12% from $1,298, with $27.6M in futures liquidations.
OI fell to $2.11B, while futures volume reached $8.3B vs $760M spot.
This suggests deleveraging is underway, but derivatives still dominate activity.
$1,050–$1,100 is the key zone.
Hold it with sustained spot demand → potential reset.
Lose $1,050 → the leverage behind the rally becomes a bigger concern.
The real test: can spot demand absorb the deleveraging?
#ZEC #Zcash #Crypto