Zcash Jumps as Futures Open Interest Tops $1 Billion Ahead of Nov. 18 Halving

Overview

• ZEC rose roughly 20% to about $658 early Monday after a volatile weekend that saw prices near $611 on Sunday.
• Derivatives open interest climbed to roughly $1.1 billion, while recent long‑to‑short positioning hovered near a 1.00 ratio, signaling balanced risk on both sides.
• On‑chain monitors reported a whale long on Hyperliquid that later closed for about $1.25 million in profit, highlighting concentrated large‑ticket activity.
• Shielded balances have expanded to about 5 million ZEC—over 30% of supply—while Grayscale’s Zcash Trust assets were reported near $151 million.
• The Nov. 18 halving will cut block rewards from 3.125 ZEC to 1.5625 ZEC, with overbought readings and analysts flagging support near $550 and potential pullbacks toward $480–$500 if leverage unwinds.