Zcash Breaks Key Daily Resistance as Volume Hits $2.97B and Shorts Get Liquidated

Zcash Breaks Key Daily Resistance as Volume Hits $2.97B and Shorts Get Liquidated

After a 17% jump, Zcash has registered a daily breakout above the key price zone of 470-480 which is the structural zone. The derivatives trading activity peaked when ZEC surpassed Solana in the perps volume with the highest volume of 2.97B in 24 hours. Short liquidations totaled $8.5M while open interest rose 13%, linking price gains directly to futures positioning. Zcash recorded a drastic day-to-day growth as trading on the privacy-centered r…

Is ZCash Short Squeeze Brewing? Whales May Be Next to Capitulate

Key Insights A whale, “neoyokio.eth,” deposited $2M USDC into HyperLiquid and opened a ZEC short position with 2x leverage. As expected, ZEC gave a bullish rally after breaking through the $468 demand zone. Its price action was moving sideways due to reduced volatility. A breakdown on the downside could lead to corrections. Over $5M in shorts have been liquidated, while only $2.22M in longs have been wiped. Will the whale be the next victim? Zc…