$ZEC surges past $1,500 in a single night, short-sellers lose nearly $345 million
Zcash, the long-forgotten privacy coin, has just touched a peak of $1,509 on Binance,
up nearly 10% in the past 24 hours alone. A day earlier, it had risen by nearly 20% in a single session.
This surge has triggered liquidation of a wave of short positions. CoinDesk reports roughly $345 million
in liquidation orders sweeping across the entire crypto market during the volatility spike, mostly from traders betting
that ZEC will fall.
The story behind it: Grayscale’s Zcash ETF opened about two weeks ago, turning
"a privacy coin" into the hottest theme of 2026 — and the whole group has risen by thousands of percent
since the start of the year.
What’s unclear: can this rally hold, or is it just a short squeeze before turning back?
ZEC has moved inversely—up to 20% in a single day—exactly like this, just a few sessions ago.
Whoever’s holding the privacy coin this season is laughing. Anyone who shorted has just learned an expensive lesson.
Watch today: $ZEC whether it can hold above $1,400, or drops back into the old range.
Not investment advice.
#ZEC #Zcash #Crypto #Bitcoin #Altcoin
Zcash, the long-forgotten privacy coin, has just touched a peak of $1,509 on Binance,
up nearly 10% in the past 24 hours alone. A day earlier, it had risen by nearly 20% in a single session.
This surge has triggered liquidation of a wave of short positions. CoinDesk reports roughly $345 million
in liquidation orders sweeping across the entire crypto market during the volatility spike, mostly from traders betting
that ZEC will fall.
The story behind it: Grayscale’s Zcash ETF opened about two weeks ago, turning
"a privacy coin" into the hottest theme of 2026 — and the whole group has risen by thousands of percent
since the start of the year.
What’s unclear: can this rally hold, or is it just a short squeeze before turning back?
ZEC has moved inversely—up to 20% in a single day—exactly like this, just a few sessions ago.
Whoever’s holding the privacy coin this season is laughing. Anyone who shorted has just learned an expensive lesson.
Watch today: $ZEC whether it can hold above $1,400, or drops back into the old range.
Not investment advice.
#ZEC #Zcash #Crypto #Bitcoin #Altcoin
