Open Interest of ZEC Perpetual Contracts Skyrockets to Over $1.5 Billion, Coin Price Surges above $638

BlockBeats News, May 20th, according to Coinglass data, the total open interest of ZEC futures contracts has surged to over $1.5 billion, with a nearly 24-hour increase of 24.21%, indicating a significant rise in trading activity. A sharp increase in open interest typically signals an impending major price movement.

According to HTX market information, ZEC has simultaneously broken through $638, with a 24-hour price increase expanding to 13.5%.