The rebound of Zcash is facing challenges, traders are reducing their leveraged bets
2026-09-29 19:06:25
CoinMeta data: After two months of sharp gains, Zcash ( ZEC ) has seen a significant price drop recently, with traders reducing their leveraged bets. According to a study on OKX ZEC perpetual contracts on September 28th, the notional value of open contracts denominated in US dollars fell from $190.69 million to $164.95 million, a decrease of about 13.5%. Although the price of ZEC dropped by 8.5% within 24 hours, it is still higher than its level from two months ago. The study also shows that the 30-day increase in ZEC was approximately 74.5%. Meanwhile, it is estimated that there are around 4.9 million ZEC in the privacy pool of the Zcash network, which accounts for about 28.9% of the total issued supply.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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