Garrett Jin, former BitForex CEO, withdrew 35,001 ETH from Binance in September 2026 to increase his short position on Zcash (ZEC) to about 37,760 ZEC, worth roughly $51 million. Despite currently facing over $25 million in unrealized losses due to ZEC's price rise, Jin maintains a significant buffer before liquidation. His aggressive trading style, including a prior $250 million loss on ETH and earlier profitable Bitcoin shorts, shows his willingness to take large risks. Jin's moves highlight how major traders use centralized exchanges like Binance for liquidity and decentralized platforms like Hyperliquid for active trading, affecting market dynamics and price movements.
As of September 17, 2026, 19:55 WIB, Zcash (ZEC) on Pluang trades at Rp24.176.387, showing a strong 1-day gain of +12.62%, contrasting with Binance Coin (BNB) which is up +2.53% at Rp12.945.278. ZEC's circulating supply is at 78% of its 21 million max, with a market cap of Rp7,04 trillion, while BNB maintains full circulation at 133.2 million tokens and a much larger market cap of Rp1.724,29 trillion. The notable price rise in ZEC aligns with the news of increased short positions, highlighting its volatility compared to BNB as of the latest Pluang data.
Zcash offers enhanced privacy on public blockchains by enabling shielded transactions that hide sender, receiver, and amount details while maintaining transaction legitimacy. This feature addresses growing privacy concerns driven by AI's ability to l...
On October 7, Ether (ETH) and XRP prices declined following weaker closes on October 6, with ETH down 0.45% and XRP down 0.70%. Sui (SUI) showed reduced upside momentum as its MACD indicator fell below the signal line, though it did not enter a long-...
Zcash (ZEC) experienced a 5.38% decline over 24 hours, falling to $1,291 as of October 7. The drop included a 2.02% decrease within one hour, driven by $630,000 in long liquidations on Binance, Bybit, and OKX, while short liquidations were minimal at...
Zcash (ZEC) has fallen about 25% from its late-September high near $1,700, confirming earlier warnings of a correction. Technical indicators like bearish RSI divergence and failure to hold above key Fibonacci levels suggest a further decline toward $...
Zcash (ZEC) experienced a sharp price decline of 3.85% within four hours, falling from $1,368 to $1,315 as of early October 7. This extended a 24-hour drop of 1.70%, reflecting increased selling pressure in the market. During this period, long positi...
