Zcash open interest declined by 7.8%, according to data from the Coinglass analytics platform. The decline, alongside a 1.5% drop in ZEC over 24 hours, indicates deleveraging during a broader market correction, with BTC down 5.75% over the same period. The NU7 upgrade, launched on November 5, reduces the target block interval from 75 to 25 seconds, making private payments confirm three times faster. It also introduces a new transaction-fee allocation model, with 60% going to a network reserve and 40% to miners, along with increased Orchard shielded-pool capacity and new wallet anti-spam limits. ZEC, trading near $1,286, is testing support around $1,250, while a sustained move above the $1,260-$1,275 range would stabilize the rebound.
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