Zcash's recent market surge has indeed been fierce. The price shot up to $513, setting a new high since November 27, with a weekly increase of over 70%. Judging by this momentum, it's clear that retail investors are not the main players.



The underlying logic is quite straightforward—demand for privacy coins is warming up, and more importantly, open interest in futures contracts is soaring, approaching historical peaks. What does this mean? A large influx of new capital is entering the market, and market enthusiasm has reached a considerable level.

From a derivatives perspective, high open interest is usually a signal. It reflects how active the market participation is and also indicates that there is sufficient momentum to support or reverse the trend. Coupled with ZEC's technical performance—breaking through key resistance levels—there is theoretically a 45% upside potential.

Of course, all this depends on whether buying momentum can be sustained. The key is whether trading volume can keep pace. If volume and price move in sync, ZEC could continue this upward trend.
ZEC6,58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
BlockTalkvip
· 2h ago
$513? That's outrageous. The smart money is the one rushing in this time. --- Open contracts are approaching historical highs... Wait, isn't this a sign of liquidation? --- Lack of volume means exhaustion. Just waiting for a pullback. --- Privacy coins suddenly turn around. Feels like there's some insider info. --- A 45% upside potential written so confidently, why do I feel a bit skeptical? --- This pace is indeed fierce, but in the long run, is ZEC really worth this price? --- Funds are flowing in, but I'm worried about a mass of bagholders.
View OriginalReply0
WhaleInTrainingvip
· 2h ago
A 70% increase has been seen by many, but the key is the open interest data of this wave of ZEC contracts --- $513 really can't hold anymore, is the privacy coin finally at the forefront? --- Price and volume coordination is the real deal, otherwise it's just false fire --- Honestly, this kind of rise looks comfortable but can also lead to trouble --- Open interest is approaching a historical high... feels like a reversal is coming --- 45% room? It depends on whether the trading volume is strong enough --- The demand for privacy is genuinely warming up, but don't forget the derivatives trap --- This rhythm clearly shows big players are positioning, retail investors have already jumped in --- ZEC's recent surge is really fierce, but I'm more concerned about when it will crash
View OriginalReply0
EthSandwichHerovip
· 2h ago
70% in a week? How many people would get liquidated, haha
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)