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Zcash price tops $1,200, causing a major short seller $25.7M paper loss on Hyperliquid.

Technical Signals
07 Sep 2026
Blockonomi
View Source
Bullish
Zcash price tops $1,200, causing a major short seller $25.7M paper loss on Hyperliquid.

Zcash (ZEC) surged above $1,200, leading to an estimated $25.7 million unrealized loss for a large short position on Hyperliquid opened at around $444 in July 2026. The same wallet holds a $107 million Bitcoin long with a $4.42 million unrealized profit, but funding fees reduce net gains. The ZEC rally is linked to rising institutional interest, including Grayscale's new ZCSH ETF launch. The short position remains open, and further price increases could deepen losses, while a pullback might reduce them.

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