ZEC open interest surged to over US$1.5 billion and the currency price simultaneously exceeded US$638

On May 20, according to Coinglass data, open positions in ZEC futures contracts across the network surged to more than US$1.5 billion, an increase of 24.21% in the past 24 hours, and trading popularity increased significantly. A surge in open positions also usually means that large price fluctuations are on the horizon. Markets showed that ZEC simultaneously exceeded US$638, and the 24-hour increase expanded to 13.5%. The market fluctuates greatly, please do a good job in risk control.