Zcash Whales Buys $30 Million Worth of ZEC on Binance After $28M Liquidation Flush Resets Market

• Zcash (ZEC) whales accumulated over $30 million in spot buys on Binance in a series of large orders.
• The price faces a short-term technical risk, forming a “double top” near $744 that must hold the $500 support level.
• The macro bull case, supported by Arthur Hayes, is targeting a $1,500 price, fueled by a recent $1B Open Interest peak.

Zcash (ZEC) price signals a parabolic rally ahead with Binance exchange market data showing large-scale buy orders for ZEC earlier since Tuesday.

More than $30 million was used to purchase ZEC coins from Binance. The buyers used approximately $1.2 million per transaction to acquire lots of 2,200 ZEC coins each. Binance data reveals three major clusters for these ZEC buy orders, indicating significant, coordinated whale accumulation.

Related:  Zcash Price Prediction: Parabolic Rally Faces First Test As Price Extends Beyond $500

Read The Full Article Zcash Whales Buys $30 Million Worth of ZEC on Binance After $28M Liquidation Flush Resets Market On Coin Edition.