Bitcoin News Update: Zcash's Privacy Boom Faces $76 Million Whale Short Position
- Zcash (ZEC) faces a $76.5M short bet by whale "Abraxas Capital" amid a 400% price surge driven by institutional interest and privacy-focused adoption. - ZEC's shielded supply hit 4.94M coins (30% of total) as Grayscale's Zcash Trust and Orchard privacy protocols boost its appeal to anonymity-driven users. - Market polarization grows with Abraxas' $760M leveraged short positions contrasting "100% Win Rate" whale's $318M long reallocation, raising volatility risks. - ZEC's market cap jumped from #84 to #21
Zcash (ZEC) is undergoing significant changes in its market landscape as a prominent whale, known as "Abraxas Capital," intensifies its bearish stance by increasing its short position to $76.5 million, as detailed in a
This whale’s moves are part of a larger strategy targeting leading cryptocurrencies. Abraxas Capital, utilizing two wallet addresses, has steadily increased its short exposure to
ZEC’s impressive gains have been supported by several factors, such as the introduction of Grayscale’s
Nevertheless, some warn that the whale’s aggressive shorting could heighten volatility, especially as ZEC’s futures open interest has reached a record $529 million, a point also raised by CoinEdition.
The current divide in the market mirrors broader trends in the crypto space. While privacy supporters applaud ZEC’s resurgence, the heavy shorting by players like Abraxas Capital highlights the ecosystem’s vulnerability to leveraged trades. Hyperliquid’s involvement as a platform for these large-scale positions is also being examined, with the exchange seeing $8.53 million in BTC-USD liquidations in just 24 hours, illustrating the dangers of concentrated leverage, according to a
As ZEC navigates this turbulent environment, the balance between institutional backing and speculative activity will likely shape its future. With privacy themes gaining momentum and Zcash’s technology advancing, the coin’s resilience against bearish forces may depend on its ability to harmonize innovation with market steadiness.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WhatsApp Introduces Wrist-Based Messaging: Meta's Strategy to Broaden Its Ecosystem
- Meta launches WhatsApp standalone Apple Watch app for Series 4+ devices, enabling wrist-based messaging, calls, and media previews without iPhone dependency. - The app retains end-to-end encryption and introduces voice messages, emoji reactions, while signaling Meta's shift from Messenger to consolidate messaging under WhatsApp. - By expanding cross-device integration, WhatsApp gains a new engagement touchpoint for its 3B+ users, aligning with Meta's monetization strategies through ads and channel subscr
SUI News Today: Perpetual DEXs See $1.2 Trillion Boom, But Underlying Issues Remain in Crypto Derivatives Competition
- Perp DEX trading volumes hit $1.2T in Oct 2025, driven by incentive programs and market liquidations. - Lighter (27% share) and BNB-backed Aster led growth, while Hyperliquid's share dropped to 10% despite strong fundamentals. - Sui blockchain's HyperSui raised $2M, signaling potential to boost DeFi TVL to $3B and drive SUI price to $11.20. - Analysts warn of structural challenges despite short-term growth, with volumes expected to stabilize unless new liquidation events occur.
Bitcoin Updates Today: Will Bitcoin Maintain $106K? November Support Level May Trigger Sustained Buying
- Bitcoin fell 3.4% in October amid geopolitical tensions and Trump's China tariffs, triggering $19B in liquidations despite a late 24-hour 0.54% rebound. - Institutional caution grew as Hargreaves Lansdown warned against Bitcoin's volatility, while Prenetics and Steak 'n Shake expanded crypto holdings and promotions. - Technical analysis highlights $106,600 as a critical support level, with a break potentially pushing prices toward $98,000–$100,000 for long-term buying opportunities. - November's trajecto
YFI Drops 5.18% Over 24 Hours as Long-Term Indicators Show Continued Downtrend
- YFI fell 5.18% in 24 hours, 6.64% in 7 days, and 46.1% annually, signaling prolonged bearish pressure and weak buyer interest. - Technical indicators suggest continued downside risk, with key support levels likely to be tested as consolidation extends. - A backtest hypothesis proposes shorting YFI after 10% declines, evaluating profitability through historical data from 2022-2025.
Trending news
MoreCrypto prices
More
