ZEC Falls 5.23% to $1,549 as Open Interest Drops 10%
- —ZEC dropped 5.23% to $1,549.40, snapping an 87.18% 30-day rally
- —Futures open interest declined 10% to $3.11 billion
- —Daily volume of $1.15 billion is 21.09% below the 30-day average
- —US Zcash ETF topped $1 billion in assets, but under a third is new capital
Why it matters: Falling open interest points to deleveraging and profit-taking rather than aggressive shorting; the $1,539 support level is key for the next move.
Source: DiarioBitcoin