Zcash is back in the top 10. Here's what is carrying it. 👀
$ZEC market cap: $26.3B (#9), up 95% in 30 days.
Now look at the futures market:
- Open interest = 6.1% of ZEC's market cap
- For $BTC, the same ratio is 1.1%
- On Hyperliquid, ZEC open interest is $821M, more than $SOL at $670M
The ETF headline needs context too. Grayscale's Zcash ETF passed $1B in assets, but net inflows are $306M. Most of the rest is existing trust holdings plus the price move.
When leverage grows faster than spot demand, moves get sharper in both directions. We're tracking open interest vs market cap from here.
Spot demand or leverage: what's driving ZEC for you? 👇
Not financial advice. DYOR.
#Zcash #ZEC #MarketStructure #Derivatives
$ZEC market cap: $26.3B (#9), up 95% in 30 days.
Now look at the futures market:
- Open interest = 6.1% of ZEC's market cap
- For $BTC, the same ratio is 1.1%
- On Hyperliquid, ZEC open interest is $821M, more than $SOL at $670M
The ETF headline needs context too. Grayscale's Zcash ETF passed $1B in assets, but net inflows are $306M. Most of the rest is existing trust holdings plus the price move.
When leverage grows faster than spot demand, moves get sharper in both directions. We're tracking open interest vs market cap from here.
Spot demand or leverage: what's driving ZEC for you? 👇
Not financial advice. DYOR.
#Zcash #ZEC #MarketStructure #Derivatives
