Zcash drops below $1,500 after 69% monthly rally
- —ZEC fell to $1,422, with an intraday low of $1,356 on Sept. 29
- —ZEC is still up 69% over 30 days, having risen from ~$1,000 to ~$1,700
- —ZEC perpetual futures open interest stands near $2.68 billion across 33 venues
- —Bitget raised its hack loss estimate to $387.5 million, with ZEC among traced assets
Why it matters: The pullback shows how profit-taking and long liquidations amplify declines after a parabolic rally; holding $1,350 will shape ZEC's next move.
Source: Invezz