ZEC's 24-hour decline widens to 10.7%, dipping to $1,356.

BlockBeats news, September 29, according to HTX market data, ZEC's 24-hour decline widened to 10.7%, dipping to $1,356, currently at $1,389.

Today, altcoins broadly declined. After ZEC nearly doubled in September, profit-taking was concentrated, and long positions in contracts remained at high levels.

Additionally, according to TradingBeats monitoring, ZEC's decline has exceeded 10%, and near-term large long positions may have been liquidated. Among million-dollar-level positions, one long position of around $1 million was hit by the market movement. The nearest long liquidation line is at $1,359.45, corresponding to approximately $17.455 million in long positions. Further below at $1,357.59, there is another estimated liquidation line for about $2.631 million in long positions.