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2 clusters · 5 sources · 4 days · First seen · Last updated

Zcash market volatility and trading activity

Overview

Zcash (ZEC) has experienced significant shifts in market activity and price stability. Initially, open interest in ZEC futures fell by 28.3%, dropping from $3.29 billion to approximately $2.36 billion, suggesting a reduction in leverage or the closing of positions. During this period, a major whale on the Hyperliquid exchange increased its long position by 57.5%, adding roughly $7.2 million in ZEC.

Following this contraction, the market faced increased volatility. ZEC trading stalled near its 50-day moving average at approximately $1,157. This period saw roughly $22.8 million in ZEC futures positions liquidated within a 24-hour window, most of which were long positions. Despite these liquidations, the amount represented only about 1% of the total $2.25 billion in open interest.

Entities

Zcash · Kraken · Invezz · BlockBeats · Binance

Timeline

  1. [BUSINESS] 3 sources
    Zcash and Ether experience market volatility and liquidations

    Zcash faces significant futures liquidations amid price stalls, while Ether sees large exchange withdrawals and split ETF flows.

  2. [TECHNOLOGY] 2 sources
    Zcash open interest drops 28% as whale expands long position

    Zcash futures open interest fell 28.3% in a month, yet a major whale increased its long position by 57.5% on Hyperliquid, betting on a price rebound despite technical resistance.

Sources

blockmedia.co.kr · coindoo.com · econoTimes.com · rande-academy.cz · tokenpost.kr