Zcash and Ether experience market volatility and liquidations

Zcash (ZEC) has faced recent price volatility, trading near $1,157 after a rally stalled at its 50-day moving average. Approximately $22.8 million in ZEC futures positions were liquidated over a 24-hour period, primarily consisting of long positions. Despite this, the liquidations represent only about 1% of the total $2.25 billion in open interest.

In the Ether (ETH) market, significant movements were recorded across exchanges and funds. Large withdrawals totaling 24,454 ETH, valued at approximately $60.68 million, were traced from Kraken and Binance, with funds being moved toward staking and the Aave lending pool.

Additionally, Ethereum ETF flows showed mixed results. BlackRock’s ETHA recorded a net outflow of $29.32 million on October 21, while Grayscale’s Ethereum Staking Mini ETF and Fidelity’s FETH saw inflows of $28.07 million and $13.03 million, respectively.