Zcash experiences $19.9M–$26M in liquidations ahead of Oct. 20 NU7 upgrade decision, with ZEC falling 8%–8.5% as the upgrade could reduce block times to 25 seconds.
Tech & Launches ·
Zcash fell 8 percent to 8.5 percent over 24 hours as $19.9 million to $26 million in leveraged long positions were liquidated, with ZEC trading around $1,185. The Zcash Foundation is scheduled to announce the activation height for the NU7 network upgrade on October 20, which could reduce block times to 25 seconds. The pending upgrade decision is contributing to price volatility and positioning uncertainty in the market.