$ZEN Long Liquidation: Bulls Obliterated at $36.972!
The crypto markets delivered a brutal blow to leveraged traders as $4,880.3 worth of long positions on $ZEN were liquidated at $36.972.
The sudden reversal caught bulls off guard, leaving a trail of liquidated positions and stunned reactions in its wake.
What Sparked This Sharp Downturn?
1. Support Crumbled
ZEN failed to maintain its footing above the crucial $37.50 level, sparking panic among traders and initiating a steep sell-off.
2. Market Sentiment Shift
The broader crypto market exhibited increased volatility, with traders adopting a risk-off approach that pressured $ZEN price.