Three days ago, we were praising the privacy sector as rock-solid, but suddenly it plunged by 50%. ZEC may be the second-largest daily decline among the top 20 cryptocurrencies by market cap since Luna. Trader North (@anorth_chen)’s analysis of ZEC data is excellent—logical, clear, and well-reasoned—definitely worth reading ⬇️ Daily chart head-and-shoulders top → volume surge with 10% drop and pin bar → funding rate at -0.96% → suspected large-scale institutional short positioning → followed by negative news → 60% drop over two days. https://t.co/Jk9rTwSjXo Despite the impact from ZEC, I still remain bullish on the privacy sector—it’s a necessity, and I have exposure here. I hope Arcium, which is about to launch its TGE, proceeds smoothly. Total funding: $14M; public sale valuation: $200M. My personal investment valuation is slightly higher, but I don’t ask for much—just hope to break even. ☂️

Share








Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.