$ZEC Is Testing $1,400 - And Shorts
Are Fueling the Move
Zcash has pushed to a local high near
$1,385, keeping most of the move above
$1,350 after a sharp squeeze in derivatives.
Cryptopolitan says roughly $56.35M in ZEC
shorts were liquidated in 24 hours, helping
accelerate the rally.
4 The bigger picture is just as wild: trading
volume reached about $2.59B, while ZEC
open interest climbed to a three-year high
near $2.14B. On Hyperliquid, around 70% of
traders are currently long ZEC, while
centralized exchanges show a much heavier
short bias.
That split is what makes the setup
interesting to me. ZEC is no longer moving
mainly on spot demand - derivatives are
now playing a much bigger role, which
means both upside squeezes and shar
reversals can get amplified.
#ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume #OstiumLoanDisputeHearingSetInNYFederalCourt #HyperliquidUSDCSupplyOvertakesSolana
Are Fueling the Move
Zcash has pushed to a local high near
$1,385, keeping most of the move above
$1,350 after a sharp squeeze in derivatives.
Cryptopolitan says roughly $56.35M in ZEC
shorts were liquidated in 24 hours, helping
accelerate the rally.
4 The bigger picture is just as wild: trading
volume reached about $2.59B, while ZEC
open interest climbed to a three-year high
near $2.14B. On Hyperliquid, around 70% of
traders are currently long ZEC, while
centralized exchanges show a much heavier
short bias.
That split is what makes the setup
interesting to me. ZEC is no longer moving
mainly on spot demand - derivatives are
now playing a much bigger role, which
means both upside squeezes and shar
reversals can get amplified.
#ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume #OstiumLoanDisputeHearingSetInNYFederalCourt #HyperliquidUSDCSupplyOvertakesSolana
