Zcash risks drop below $1,500 as ETF inflows hold but futures open interest slides
- —ZEC hovers around $1,540, down nearly 3% intraday
- —Grayscale ZCSH ETF weekly inflows hit $35.17 million, monthly total $284.29 million
- —ZEC futures open interest dropped 10% in 24 hours to $3.11 billion
- —Long liquidations of $6.74 million outpaced $1.99 million in shorts
Why it matters: ETF demand signals long-term confidence, but falling open interest and long liquidations point to near-term downside risk below $1,500.
Source: FXStreet Crypto