Open interest in altcoin perpetual futures exceeded Bitcoin's on September 6, 2026, marking the first time since December 2024. This shift is driven by strong gains in mid-cap altcoins like Zcash, whose open interest hit a record $2.4 billion as its price surged over 130% in 30 days. Historically, such flips have preceded sharp corrections in altcoins due to leveraged positions unwinding in thin markets. Bitcoin remains steady near $79,500, but the current market shows signs of greed and fragility, suggesting potential volatility ahead if funding costs rise or Bitcoin's price moves significantly.
Zcash (ZEC) surged above $1,200, leading to an estimated $25.7 million unrealized loss for a large short position on Hyperliquid opened at around $444 in July 2026. The same wallet holds a $107 million Bitcoin long with a $4.42 million unrealized pro...
A trader who accumulated 22,840 Zcash (ZEC) tokens since 2021 has moved them to Binance for likely liquidation, realizing a profit of over $21 million after a 20x price increase. The trader initially spent $1.1 million when ZEC was priced around $48,...
Zcash (ZEC) has surged past $1,200, reaching a 30-day gain of 134% and a market cap of $20 billion. Garrett Jin, the largest short seller on Hyperliquid, opened a short position at $444 in July and is now facing an unrealized loss of $25.7 million as...
Zcash (ZEC) surged to an intraday high of $1,249, its highest since late 2016, marking a weekly gain of over 45% and lifting its market cap to $20.44 billion, making it the ninth-largest crypto asset. The rally is driven by institutional interest, in...
Zcash (ZEC) surged above $1,200, causing a major Hyperliquid trader to face approximately $25.7 million in unrealized losses on a short position of 32,760 ZEC opened at around $444 in July 2026. This sharp price increase, driven by growing institutio...
