Zcash Latest Updates: ZEC Large Holders Benefit from Price Jump While Short Sellers Incur $14 Million in Losses
- 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
One notable event involves a newly established wallet that transferred 6.27 million
code="ZECUSDT"
id="strategy_001"
range="3"
market="UBAX">
The volatility in ZEC has drawn in other major traders as well. The "1011 Insider Whale" recently exited 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.
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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