Massive $ZEN Long Liquidation: $20,828 at $30.544
The crypto rollercoaster claims another victim!
Horizon $ZEN traders just witnessed a dramatic long liquidation of $20,828 at a critical level of $30.544, shaking the market and leaving a trail of questions in its wake.
A long liquidation of this scale occurs when leveraged traders betting on a price rise get caught in a downward spiral.
As ZEN failed to hold the $30.544 support level, liquidations were triggered, amplifying selling pressure and cascading into further volatility.
Why It Matters
1. Significant Amount: A $20.8K liquidation is no small feat, indicating heavy leveraged positions were wiped out.
2. Critical Level Breach: The $30.544 mark
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