Zcash Crypto Liquidates Short-Term Bulls as Zakura Upgrade Launches

Key Insights:

• Zcash crypto liquidated short-term bulls as traders faced fresh market volatility.
• Zakura cut private proof generation to under 200ms in some cases.
• Zcash development continued with new wallet, SDK, and core updates.

Zcash crypto started the week with short-term bulls facing liquidations as traders watched fresh volatility in ZEC. At the same time, the Zakura upgrade brought a major speed boost to private transaction proof generation, adding a new focus for the network and its users in the days ahead once again.

Zcash Crypto Faces Fresh Liquidations as Volatility Builds

Zcash crypto opened the week with short-term bullish positions coming under pressure as the market moved against traders who had entered recently. Joao Wedson said Zcash had started the week by liquidating short-term bulls, while noting that many positions remained exposed on both sides of the market.

According to his update, traders who opened Long and Short positions over the past few days were still at risk. There were also Long positions from the past six months that had not yet been liquidated. This left the market with a large number of positions that could be affected if ZEC made another sharp move.