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Zcash Latest Updates: ZEC Large Holders Benefit from Price Jump While Short Sellers Incur $14 Million in Losses

Zcash Latest Updates: ZEC Large Holders Benefit from Price Jump While Short Sellers Incur $14 Million in Losses

Bitget-RWA2025/11/08 12:48
By:Bitget-RWA

- Zcash (ZEC) surged above $600, entering top 20 cryptos with $10B market cap driven by privacy upgrades and Zashi wallet adoption. - ZEC whales on Hyperliquid amplified long positions via 5x leverage, with one account gaining $33.89M in three days while shorts face $14.5M losses. - Aggressive leverage strategies expanded across crypto markets, with $25.56M in ZEC short positions and $1.8B daily trading volume reflecting heightened liquidity. - Balanced futures positioning (1.05–1.13 long-short ratio) indi

Zcash (ZEC) has climbed into the ranks of the top 20 cryptocurrencies by market cap, surpassing $600 for the first time in almost seven years, as reported by

. The privacy-centric coin has soared more than 1,270% over the past year, boosting its market capitalization to nearly $10 billion. This impressive rally is attributed to a resurgence in privacy tech interest, technical improvements from the Electric Coin Company, and increased usage of the Zashi wallet, according to CoinDesk. On-chain activity has picked up, with significant investors on Hyperliquid, Binance, and Bybit increasing their stakes in and other digital assets.

One notable event involves a newly established wallet that transferred 6.27 million

to Hyperliquid and placed a $504 order to go long on ZEC, according to a . This action reflects a broader trend of ZEC whales actively positioning themselves to benefit from the price rally. The largest ZEC long on Hyperliquid, managed by address 0x96e, now totals 55,000 ZEC (valued at $33.89 million) after three days of profit-taking and rolling over, as reported by a . This whale initially deposited $2.21 million into Hyperliquid and used 5x leverage on a long position, doubling the original capital within three days.

code="ZECUSDT"

id="strategy_001"

range="3"

market="UBAX">

Zcash Latest Updates: ZEC Large Holders Benefit from Price Jump While Short Sellers Incur $14 Million in Losses image 0
In contrast, the largest ZEC short (address 0xd47) is facing steep losses. This short, opened on October 11, has an unrealized deficit of $14.5 million (250%) as of November 7, with ZEC's price up 15% to $586, according to a . The short trader has been increasing their position as prices rise but remains at risk of further losses. Meanwhile, the top long position is currently up 87% with an unrealized profit of $2.86 million, as previously mentioned by Lookonchain.

The volatility in ZEC has drawn in other major traders as well. The "1011 Insider Whale" recently exited a

long and ramped up its exposure to 40,000 ETH at 5x leverage, according to . Another trader, "Buddy," increased their ETH long to $10.32 million using 25x leverage, as also noted by BlockBeats. These moves underscore a wider pattern of aggressive leverage in crypto markets, with Hyperliquid’s ZEC contracts showing a 5x short worth $25.56 million and a single-asset unrealized loss of $10.8 million, as outlined in a .

ZEC’s recent rally has also pushed liquidity to record levels, with daily trading volumes surpassing $1.8 billion across platforms like Binance, Hyperliquid, and Bybit, CoinDesk notes. Futures markets show a near-even split between long and short positions (ratios between 1.05 and 1.13), indicating a mood of cautious optimism rather than excessive speculation.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA2025/11/08 14:47