Gigacash $860 long liquidation zone, estimated at $2.2 million

Zcash (ZEC) futures show a long liquidation cluster near $860, with Alpha Finance estimating roughly $2.2 million at risk in that band as of 01:24 KST on the 15th, based on open interest and standard leverage tiers. A separate U.Today report on the 14th, citing CoinGlass, put the long liquidation concentration near $860 at about $1.4 million, though the metric behind that figure was not clearly specified. The discrepancy reflects differing snapshot times and estimation models rather than a single agreed measure. The cluster matters because a move toward $860 could trigger cascading long exits and amplify volatility in ZEC derivatives. Traders will watch whether price approaches that level and whether open interest builds or unwinds around it.