No Data Yet
Investors are rotating into privacy-focused cryptocurrencies like Zcash, seeking assets with lower correlation to traditional markets ahead of anticipated macroeconomic shifts. The move highlights a growing demand for financial autonomy and countercyclical value within the digital asset space.
Monero (XMR) posted a significant 9.82% gain, reaching $403.65, in a broad pre-Federal Reserve crypto market rally that liquidated $297 million in short positions. In contrast, Kaspa (KAS) diverged from the market trend, declining by 5.90%.
Bitcoin faces significant short-term headwinds as on-chain data from Binance reveals mounting sell-side pressure from whale investors. However, this bearish sentiment is contrasted by strong long-term institutional conviction and a favorable macroeconomic outlook, creating a complex and pivotal moment for the asset.
A $362 million liquidation event, primarily affecting long positions, has highlighted structural stress within digital asset markets. The deleveraging comes as miners pivot to AI and macro liquidity signals a potential upward shift in 2025.
