据 Coinglass 数据，在大盘震荡期间，ZEC 逆势上涨近 10%，近 24 小时合约交易量增长 118.5% 超 38 亿美元，位列全网第四；与此同时，ZEC 持仓量增长超过 20% 至 13.3 亿美元。

<div>据 Coinglass 数据，在大盘震荡期间，ZEC 逆势上涨近 10%，近 24 小时合约交易量增长 118.5% 超 38 亿美元，位列全网第四；与此同时，ZEC 持仓量增长超过 20% 至 13.3 亿美元。<br><br></div>

ZEC 合约交易量超 38 亿美元，位列全网第四

According to Coinglass data, ZEC bucked the trend and rose by nearly 10% during the market volatility, with its contract trading volume increasing by 118.5% in the past 24 hours, exceeding $3.8 billion, ranking fourth in the entire network; at the same time, ZEC holdings increased by more than 20% to $1.33 billion.

<div>According to Coinglass data, ZEC bucked the trend and rose nearly 10% during the market volatility, with its 24-hour contract trading volume increasing by 118.5% to over $3.8 billion, ranking fourth across the entire network; at the same time, ZEC holdings increased by more than 20% to $1.33 billion.<br><br></div>

ZEC contract trading volume exceeded $3.8 billion, ranking fourth across the entire network.

According to ME News, on December 28th (UTC+8), Coinbob's hot address monitoring showed that the "alt short seller" transferred $2 million to Hyperliquid yesterday and then established a short position in ZEC around $446. The current position size is approximately $1.32 million, with an average price of $479, and the address is still adding to its position as of press time. This address had already liquidated its positions in MON, ZEC, and Trump before Christmas this week, and significantly closed out its short positions in ASTER, UNI, PUMP, and other cryptocurrencies...

The "fake short seller" returned to the short after the holiday to add to short positions, profiting from previously closed short positions in UNI, ZEC, etc. at low points.

Coinbase Institutional says shifting market structure, not hype cycles, will shape crypto trading and adoption in 2026 as activity concentrates in a few key areas.

Coinbase says three areas will dominate the crypto market in 2026

Author | Messari
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: While Bitcoin has repeatedly "hit the wall" and its price has continued to fluctuate between $80,000 and $90,000, market attention is likely still largely focused on Bitcoin itself. However, ZEC, a representative asset in the privacy sector, has once again broken through the $500 mark, currently trading at $518, representing a nearly 40% increase from its recent low. Even more intriguing is...