Zcash is taking a breather after one of its strongest rallies in years.
ZEC surged nearly 60% over the past week, reaching an 8-year high near $880 before pulling back around 8% as traders began taking profits.
But beneath the correction, market activity remains extremely elevated.
📈 Futures Open Interest: nearly $1.8B
🔥 Weekly ZEC Rally: ~60% at the peak
🏦 ZCSH: now trading on NYSE Arca
🗳 NU7: Coinholder voting underway
The sharp rise in open interest shows just how much speculative capital has entered the ZEC market — meaning volatility could remain high in both directions.
After such an aggressive move, a pullback isn't unusual.
The bigger question now:
Is ZEC simply consolidating before its next move?
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