Markets· ★★★· bullish·

ZEC holds above $1,200 as market slides, open interest tops $1.5B

  • —ZEC at $1,241.59, up 2% as BTC slips below $80,000
  • —ZEC trading volume hit a one-week high of $789.16M
  • —ZEC open interest topped $1.5B, up 4% in a day
  • —532 whales hold shorts; only 15% of whales are long
Why it matters: ZEC's rally is driven by futures flows, raising the risk of a short squeeze or cascading liquidations in either direction.
#ZEC#BTC
Source: Cryptopolitan
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