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 outlook. Notably, Garrett Jin's large short position faces significant unrealized losses due to recent price gains. Meanwhile, derivatives market activity has cooled, with open interest and trading volume dropping, indicating reduced speculative leverage. Technically, ZEC is in a pullback phase but maintains a bullish structure with potential for another upward wave if buyers defend key support levels. This dynamic suggests that persistent buying could pressure the crowded short positions and revive upward momentum.
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...
Zcash (ZEC) has surged about 50% recently, reaching above $1,200 from around $800, marking one of the strongest rallies in the current crypto cycle. However, technical indicators like bearish RSI divergence and a large gap above moving averages sugge...
Zcash (ZEC) surged past $1,100, gaining over 2,300% in a year, driven mainly by speculative factors like exchange listings and a Grayscale ETF launch, rather than real network improvements. Wang Chun, co-founder of F2Pool, warns this rally reflects a...
