Zcash (ZEC) traders on Binance are predominantly short, with 72.05% of top trader positions betting on a price drop, even as ZEC trades above $1,100. Notably, Garrett Jin holds a $44.9 million short position currently facing about $22 million in unrealized losses due to the price increase. Despite bearish derivatives positioning, spot market buyers continue absorbing supply, creating a divergence that supports the current price level. Technical analysis suggests a possible bullish Wave (5) if the price holds above the $1,023.60 support, which could increase pressure on short sellers.
Grayscale's Zcash ETF (ZCSH) surpassed $500 million in assets just two weeks after its August 25 listing, driven by $70 million in outside inflows and a $100 million in-kind transfer from DCG International, an affiliate of the fund's sponsor. This me...
Zcash (ZEC) sees heavy short positioning among top Binance traders, with nearly 72% holding shorts, signaling bearish sentiment. However, aggressive spot market buyers continue to absorb supply, creating a divergence that challenges the bearish outlo...
Several long-time Bitcoin whales privately encouraged investor Dan Held to buy Zcash (ZEC) when it was priced between $100 and $400, before its recent surge past $1,000—the highest in nearly a decade. These whales funded their Zcash purchases by redu...
Zcash (ZEC) price surged over 53% from about $814 on Sep. 3 to a multi-year high of $1,249 on Sep. 6, driven by a derivatives short squeeze and strong technical momentum. Despite a slight pullback to around $1,150, key indicators remain bullish with ...
Cypherpunk Holdings clarified it has no connection to an unauthorized ZEC token on Robinhood's blockchain, emphasizing it only holds the native Zcash coin and its Nasdaq-listed CYPH stock. This statement comes amid a 250% surge in CYPH stock and a ra...
