Zcash Falls to $1,158 Despite $42M Weekly Fund Inflows
- —ZEC fell 5.8% to $1,158.68, slipping below the $1,176 support
- —ZEC futures open interest dropped 12.45% in 24 hours
- —Zcash funds attracted $20.52 million daily and $42.09 million weekly
- —Short traders booked about $15.4 million in profits the previous day
Why it matters: Fund inflows failed to lift the price; a break below the $1,109–1,176 zone could send ZEC toward $1,050.
Source: Cryptonews.net