Overview
- ZEC traded around $395–$397 after a double-digit daily gain, with 24-hour spot volume near $1.28 billion, roughly double the prior day.
- Price is pressing a multi-month symmetrical triangle’s upper boundary near $420, and a daily close above it is viewed as opening a path toward $460–$500.
- Derivatives flows show renewed risk appetite, with futures volume above $5.5 billion, open interest up about 21% to $895 million, positive funding, and large liquidation zones near $366.4 and $407.4.
- Access and policy signals are diverging, as Bitget’s Dec. 3 listing and France’s BPCE app integration broaden reach while Bithumb’s Dec. 1 delisting under MiCA 2.0 limits trading in South Korea.
- Institutional and supply factors include Cypherpunk’s disclosed ZEC treasury and Grayscale’s ETF conversion filing, rising shielded-pool usage near 30% of supply, and post-halving issuance that tightens tradable float.