Zcash Latest Updates: ZEC Reaches Highest Level in 7 Years as $18.8M Gets Liquidated, Yet Derivatives Indicate Weakness
- Zcash (ZEC) surged to a $586 seven-year high, driven by institutional interest and 30.41% shielded pool adoption. - $18.8M in ZEC perpetual futures liquidations highlight market volatility, with a $14.5M short loss on Hyperliquid. - Derivatives data shows $713M open interest and $30.27M long liquidation risks, signaling fragile bullish momentum. - Analysts warn of potential correction below $450 despite strong privacy-driven adoption and spot wallet inflows.
Data from Coinglass reveals that in the last 24 hours, the total liquidation value of
The rapid appreciation of ZEC has also fueled a spike in derivatives trading. Open interest in ZEC futures has jumped to $713 million, marking a 25% rise in just one day, based on Lookonchain data, while futures trading continues to outpace spot volumes. Many traders are hedging against declines, as evidenced by sharply negative funding rates that indicate a preference for short positions, according to Coindesk. Meanwhile, Zeta Global’s Q3 report showed a 26% increase in revenue, reflecting broader optimism about crypto infrastructure, though its stock fell 5.22% after the earnings release, as noted by
Analysts highlight Zcash’s technical strength as a major factor. Over the past week, ZEC’s price has climbed 48.74%, with one large holder securing $2.7 million in unrealized profit from a 32,000 ZEC long position, according to
On the macroeconomic front, the Federal Reserve’s cautious approach to rate reductions adds further uncertainty. Governor Philip Jefferson described current interest rates as “somewhat restrictive,” implying a gradual move toward a neutral stance, according to
Looking ahead, analysts have set Zcash’s next major price target at $594, warning that failure to break above $438 could test buyer conviction, according to Yahoo Finance. For now, the coin’s growing shielded adoption and institutional demand point to a resilient outlook, even as leveraged traders prepare for possible price swings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Balancing Act: Navigating Inflation and Employment in the 2025 Interest Rate Challenge
- The Fed debates 2025 rate cuts to balance 3% inflation control with a cooling labor market, as policymakers like Jefferson advocate a slow easing approach. - Mixed signals persist: U.S.-China trade deal eased volatility but left businesses cautious, while Matson's 12.8% China service decline highlights lingering tensions. - Market expects 25-basis-point December cut, but Powell warns uncertainty remains, compounded by government shutdown limiting key data access. - Rate-cut expectations boosted municipal
Bitcoin News Update: Institutions Pour In Funds Despite Bitcoin Downturn: ETFs Draw $240M During Market Turbulence
- Bitcoin ETFs saw $240M net inflows on Nov 6, ending a six-day outflow streak led by BlackRock's IBIT and Fidelity's FBTC. - Despite Bitcoin's 9% weekly price drop to $100,768, institutional confidence grew in regulated, low-fee ETF products amid market volatility. - Altcoin ETFs gained traction while total crypto ETPs faced $246.6M outflows, highlighting diverging investor priorities. - Analysts attribute Bitcoin's decline to internal dynamics, not ETFs, as on-chain data shows easing sell-pressure and st
Hyperliquid's 2025 Boom: Blockchain-Based Liquidity and Shifting Retail Trading Trends
- Hyperliquid's TVL surged to $5B in Q3 2025, capturing 73% of decentralized perpetual trading volume via on-chain liquidity and retail demand. - Technological innovations like HyperEVM and strategic partnerships drove $15B open interest, outpacing centralized rivals' combined liquidity. - Retail traders executed extreme leverage (20x BTC/XRP shorts) and $47B weekly volumes, highlighting both platform appeal and liquidation risks. - Institutional interest (21Shares ETF application) and deflationary tokenom
U.S. Pursues Five-Year Prison Terms in Cryptocurrency Privacy Lawsuit, Challenging Developer Responsibility
- U.S. prosecutors seek 5-year sentences for Samourai Wallet co-founders over $237M crypto laundering via privacy tools. - Case highlights DOJ's strategy to hold crypto platform operators liable for criminal user activity, mirroring Tornado Cash legal battle. - Defense argues for reduced sentences citing cooperation, while prosecutors emphasize deterrence against privacy-focused financial innovation. - Outcome could set precedent for developer liability in DeFi, balancing privacy rights with regulatory com
Trending news
MoreCrypto prices
More
