On October 19, a contract account with over $20 million in cumulative profits initiated a short position on Zcash (ZEC) valued at approximately $5.6 million, covering 5,000 ZEC tokens. The short was opened between 10:24 and 10:33 a.m. ET and remained active at 10:36 a.m. ET. This move indicates a significant bet on the price decline of Zcash by a highly profitable account, which could influence market sentiment or signal expectations of downward price movement in the near term.
Zcash (ZEC) is trading at Rp20,249,225 on Pluang as of Oct 20, 2026, 04:03 WIB, showing a strong 1-day gain of 6.44%. Despite the reported short position of $5.6 million by a highly profitable contract account, ZEC’s market cap remains robust at Rp7.04 trillion with a 24-hour trading volume of Rp787.62 million. This suggests that while some market participants are betting on a price decline, overall trading activity and price momentum on Pluang remain positive.
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Zcash (ZEC) is showing a bearish chart pattern that could lead to a 40% price drop to around $680 from its current $1,140 level. This decline follows a peak near $1,600 in late September and a recent downtrend below key moving averages. The critical ...
