ZEC Derivatives Signal Deleveraging as Open Interest Drops 28% – What’s Next for Zcash Price?

Zcash (ZEC) tumbled nearly 15% as bitcoin slipped below $73,000, with derivatives data showing open interest in ZEC futures falling 28% as leveraged positions were unwound. The privacy token is now showing signs of a deeper correction after the sharp pullback. The deleveraging matters because it suggests speculative excess is being flushed out, though it can also amplify near-term price swings. Traders will watch whether open interest stabilizes and whether ZEC can hold key support as bitcoin's weakness weighs on altcoins.