Zcash Faces Rising Short Positions Amid Price Surge
Zcash (ZEC) is gaining attention for its strong price growth. However, many traders are betting against it by opening leveraged short positions.
Data from Coinalyze shows a long/short ratio of 1 to 1.92. About 34.28% of traders hold long positions, while 65.72% are short. The total open interest across perpetual markets is $689 million.
Recently, a whale identified as 0xC385 deposited around $3 million in USDC into Hyperliquid. The whale opened a 2x leveraged short on 3,230 ZEC tokens.
According to Hypurrscan, the whale increased its short position to 4,614.85 ZEC, worth nearly $2 million.
The whale has a current profit of $25,768 with a liquidation price of $581.43. If ZEC’s price rises above this level, the position will be liquidated, causing a $3 million loss.
ZEC’s Recent Price Rally and Market Trends
Zcash has surged nearly 200% over the past 30 days. At publishing time, ZEC trades near $421 with a 24-hour volume of $1.36 billion, per CoinMarketCap.
The rise is partly due to anticipation of ZEC’s November 2025 halving. This event will reduce mining rewards and may increase scarcity-driven price moves.
ZEC’s market capitalization has reached $6.2 billion, surpassing Monero as the top privacy coin.
Technical data shows 4.9 million ZEC are now locked in shielded addresses, up 15% this month. This accounts for 30% of ZEC’s total supply, according to zkp.baby.
The growth in shielded transactions reflects rising trust in Zcash’s zk-SNARK technology. It allows private transactions while maintaining compliance. This trend reduces liquid supply and may increase price volatility.
Institutional interest is also growing. Grayscale’s ZEC Trust holds $137 million in assets, signaling demand from sophisticated investors.
ZEC Buzz on Social Media and Influencer Support
ZEC is trending strongly on X, driven by crypto influencers like Ansem, Solana supporter Mert, and former BitMEX CEO Arthur Hayes.
These figures have praised ZEC’s privacy features and upcoming halving. Arthur Hayes has even projected a price target of $10,000 for ZEC.
The social media momentum has increased conversations and hype around Zcash. Market watchers expect ZEC’s price and key trades to dominate discussions as the halving approaches.
