ZEC nears $1,400 after short squeeze
- —ZEC rose to $1,385.07 and held above $1,350
- —$56.35 million in shorts were liquidated over 24 hours
- —ZEC trading volume reached $2.59 billion, a yearly high
- —ZEC open interest rose to $2.14 billion, a three-year high
Why it matters: ZEC's rally strengthens the privacy-coin narrative, but the high derivatives share raises the risk of sharp reversals.
Source: Cryptopolitan