š While Arthur Hayes was offering 10Ā $ZEC ($6.3K) for the best punchline to āSBF, CZ and Arthur Hayes walk into a bar...ā, the best comedian turned out to be Zcash itself - crashing 26% after hitting multi-year highs š¤”
After a +1,400% run in 3 months and a spike toĀ $748, ZEC saw overĀ $25MĀ š in liquidations, mostly shorts caught in a squeeze that quickly flipped into profit-taking. Trading volume jumped toĀ $3.8B, even as market cap slid toĀ $8.4B - a classic post-parabolic reset.
š But the joke didnāt end there - ZEC quickly bounced back, reclaiming theĀ $600+ zone and holding strong above theĀ $500Ā support.
Technically, the trend still leans bullish: higher lows since early November, MA7/MA20 curling up again. The dip didnāt last long - buyers scooped it right back up š„
ZECās next move will likely depend on 2ā things:
š¹ November halving - supply tightening on the horizon
š¹ Maelstrom fund exposure - Arthurās portfolio is still backing the coin
If this is just the warm-up before the halving, the real punchline might be yet to come.
Now be honest - who of you actually joined Arthurās giveaway? š
#ZECUSDT #zcash
