Zcash futures OI drops 3.35% to $2.44 billion, Binance resumes ZEC withdrawals

Zcash futures open interest (OI) declined 3.35% in the past 24 hours, reaching $2.44 billion, according to fresh data from CoinGlass. The coin’s Cumulative Volume Delta (CVD) was the most negative among large-cap cryptocurrencies during this period, signaling that selling via market orders strongly outweighed buying. CoinGlass reported notable changes in Zcash’s futures flow within the last day. Outflows stood at $1.96 billion, while inflows were slightly lower at $1.87 billion. The combined effect was an 859.86% decline in net futures flow, suggesting a broad shift in trader positioning. Traders appeared to be reassessing risk as a wave of liquidations impacted leveraged long positions. Total liquidations for Zcash in the last 24 hours amounted to $15.76 million.

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