ZEC adds a positioning wrinkle to the downside.
ZEC's open interest fell 11.57 percent over 24 hours as its price fell 12.58 percent, positions were coming out alongside the drop, rather than simply building into it. Funding is still positive at 8.65 percent annualized, so positioning is mixed; watch whether open interest keeps shrinking, as that can leave the tape vulnerable to quick moves in either direction.