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Zcash Kraken Withdrawal May Herald Upside as Shorts Face Liquidation Stress

The post Zcash Kraken Withdrawal May Herald Upside as Shorts Face Liquidaticom. A new wallet withdrew 7, 714 ZEC valued at $4. 12 million from Kraken, marking a significant ZEC Kraken withdrawal. This move tightens exchange supply, counters bearish derivatives positioning, and historically precedes upside moves, with ZEC trading near $536 amid short liquidations. Massive 7, 714 ZEC outflow from Kraken reduces available supply on exchanges. New wallet with no prior activity suggests long-term holding intent over short-term trading. $1. 77 million in short liquidations versus $182, 000 longs highlights growing bearish stress, per CoinGlass data. ZEC Kraken withdrawal of 7, 714 coins worth $4. 12M signals accumulation amid short dominance. Zcash eyes $550 resistance with bullish spot action. Explore analysis now! What is the ZEC Kraken withdrawal and its market impact? ZEC Kraken withdrawal involved a newly created wallet pulling 7, 714 ZEC, approximately $4. 12 million, from the exchange in coordinated batches. This activity, absent prior history, indicates strategic accumulation rather than immediate trading. Exchange supply tightened as a result, weakening sell pressure despite no instant price reaction due to derivatives liquidity. Why are Zcash exchange outflows significant for price trends? Zcash has defended the $300-$320 demand zone multiple times, forming a rounded bottom that signals trend exhaustion. Price reclaimed $401 and advanced to $528, now testing $520-$550 resistance near $536. Pullbacks remain shallow amid positive MACD momentum. Historically, similar ZEC outflows from exchanges like Kraken have led to delayed upside rather than spikes, contradicting bearish derivatives sentiment. 35% short accounts versus 34. 65% long, yielding a 0. 53 Long/Short Ratio. Despite this, ZEC forms higher lows above support, indicating positioning risk over trend strength. Shorts continue adding exposure without price breakdowns below $401, eroding bearish efficiency. The ZEC Kraken withdrawal executed in batches from a dormant new wallet.

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New: Paper Trail Behind Suspect in D.C. National Guard Terrorist Attack Points Directly to Joe Biden

We’re learning more about the suspect in the terrorist attack that took place earlier in Washington, D. C., that sent two members of the West Virginia National Guard to the hospital, where they are listed as being in critical condition. The attack, which investigators are describing as a targeted ambush, reportedly took place just blocks from the White House, around 2: 15 pm Eastern time. As we previously reported, D. C. Metro Police Department Executive Assistant Chief Jeff Carroll told reporters during a D. C. presser that “At approximately 2: 15 this afternoon, members of the National Guard were on high visibility patrols in the area of.

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Umicore (UMI.BR) Stock Drops 11% as Major Investor Sells Half Its Position

TLDR Umicore shares dropped nearly 11% after Belgian holding company GBL sold half its stake through an accelerated bookbuild GBL offloaded 19. 6 million shares (8% of Umicore’s equity) at 15. 35 euros per share, raising about 300 million euros The sale cuts GBL’s ownership from 16% to 8%, with the company agreeing to a 90-day lock-up [.] The post Umicore (UMI. BR) Stock Drops 11% as Major Investor Sells Half Its Position appeared first on CoinCentral.

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