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Trader Boomer cuts $31.1M in altcoin longs, shifts to short-term bearish bets on Zcash and others

Market News
28 Sep 2026
Tokenpost
View Source
Bearish
Trader Boomer cuts $31.1M in altcoin longs, shifts to short-term bearish bets on Zcash and others

On September 29, Hyperliquid trader Boomer closed over $31.1 million in long positions across several altcoins including Zcash (ZEC), NEAR, and Uniswap (UNI), realizing about $1.25 million in losses. The trader shifted to short-term bearish positions, notably opening a short on ZEC shortly after closing the long, anticipating a decline to around $1,000 before sideways trading. Boomer still holds a longer-term bullish outlook for ZEC with a target range of $5,000 to $10,000. The remaining short positions include $8.24 million in ZEC and $1.47 million in NEAR, both showing unrealized gains.

As of Sep 29, 2026 10:32 WIB, Zcash (ZEC) is trading on Pluang at Rp24.772.106 with a notable 1-day decline of 11.75%, reflecting significant selling pressure with 100% sell order activity. NEAR Protocol (NEAR) and Uniswap (UNI) also show declines of 10.56% and 6.63% respectively, indicating broad weakness across these altcoins. The sharp drop in ZEC's price aligns with the trader's short-term bearish stance, while ZEC's market cap stands at Rp7,04 trillion on Pluang.

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