Zcash down ~4.5% intraday — watch for rebound or continuation

I see strong intraday moves in Zcash. In the last 15 minutes the price fell from $38.90 to $37.15 (-4.5%), and in the last 5 minutes it moved from $38.72 to $37.15 (-4.05%).

I view this as a rapid sell-off that could be either a short-term liquidity flush or the start of broader weakness; volume, order-book depth and correlation with BTC will help distinguish which.

I’m not initiating a new long here — I’ll monitor stabilization or clear signs of capitulation before considering a buy, and will manage risk with tight stops if I trade the move.