Zcash Rally: Sources Disagree on Date and Price Peak
CryptoBriefing and CoinTurk News EN give different dates and price peaks for the ZEC surge that triggered the same $212M liquidation event, and outlets differ on the exact ZEC liquidation total.
CryptoBriefing and CoinTurk News EN give different dates and price peaks for the ZEC surge that triggered the same $212M liquidation event, and outlets differ on the exact ZEC liquidation total.
What all sources agree on
- Total crypto liquidations reached approximately $212 million.
- ZEC price jumped around 15% (CryptoBriefing headline states ‘price jumps 15%’; Coinfomania states ‘ZEC’s price rose around 15%’; CoinTurk News EN states ‘a sharp 15% rally pushed its price to approximately $1,170’).
- The rally was linked to short squeezes on ZEC perpetual futures.
- Grayscale’s ZCSH spot ETF was cited as a demand catalyst.
Where the reports disagree
1Date and peak price of the triggering ZEC surge
Zcash has been on an absolute tear, surging roughly 20% on September 4 to touch an intraday high near $1,023 to $1,051.
Zcash (ZEC) surged to the forefront of the cryptocurrency derivatives market after a sharp 15% rally pushed its price to approximately $1,170. The rapid advance on September 6 was accompanied by around $212 million in total crypto market liquidations
What would settle it: Exchange-level ZEC/USD price and timestamp data (e.g., from CoinGlass or the underlying exchange order books) for the session in question.
2Size of ZEC’s share of the liquidation total
Short liquidations on ZEC perpetual futures totaled between $34.5 million and $44 million over recent trading sessions.
ZEC recorded $45.32 million in liquidations, topping all major tokens as short sellers absorbed most of the losses during the price surge.
What would settle it: CoinGlass liquidation dataset for ZEC perpetual futures over the relevant 24-hour window.
What to make of it
Treat the $212 million total liquidation figure, the roughly 15% ZEC price move, and the Grayscale ZCSH ETF link as established across sources; the exact date, peak price, and precise ZEC liquidation dollar figure remain unresolved and should not be cited as settled numbers.
Treat the $212 million total liquidation figure, the roughly 15% ZEC price move, and the Grayscale ZCSH ETF link as established across sources; the exact date, peak price, and precise ZEC liquidation dollar figure remain unresolved and should not be cited as settled numbers.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
Read More
