ZEC Futures Open Interest Jumps 31.83% as Price Surpasses $620
Zcash futures open interest surged to a record $1.506 billion as major exchanges like Binance and Bybit increased holdings, reinforcing bullish sentiment in the privacy-focused cryptocurrency.
ZEC
Summary
ZEC open interest reached an all-time high of 2.0971 million tokens valued at $1.506 billion, marking a 21.49% increase in 24 hours, according to Coinglass. Binance holds 579,700 ZEC worth $416 million, while Bybit holds 289,800 ZEC worth $208 million. This comes amid a broader surge in ZEC futures activity, previously driven by $55.3 million in liquidations and a sharp price rally, underscoring heightened bullish momentum in the Zcash market.
Terms & Concepts
- ZEC: Ticker symbol for Zcash, a privacy-focused cryptocurrency.
- Futures Open Interest: The total number of outstanding futures contracts that have not been settled, indicating market activity and investor positioning.