$ZEC lost $1,000 again — and one fund is sitting on $118M of shorts against it.
Source: Odaily, 12 Nov 2026; prices Binance, 01:05 UTC.
The $1,112 breakdown I flagged two days ago kept running: ZEC closed Nov 11 at $964, down 7.4% — the worst day in the top 30 — after touching $951.21. Abraxas Capital's shorts are now $118M in profit, and ZEC still sits under $1,000 at $987.68.
Meanwhile $XMR went the other way, up 4.1% to $582.47 — ZEC is now worth 1.70 XMR, down from 2.10x yesterday. The privacy pair has split in two.
I'm leaning bearish while $1,000 caps it. A daily close back above $1,000 kills this view; a break of $951 opens $900, with $BTC $74,099 still holding its $73,510 floor behind it.
Does $ZEC reclaim $1,000 this week, or does $951 give way first?
Not financial advice. DYOR.
#ZEC #PrivacyCoins #CryptoNews
Source: Odaily, 12 Nov 2026; prices Binance, 01:05 UTC.
The $1,112 breakdown I flagged two days ago kept running: ZEC closed Nov 11 at $964, down 7.4% — the worst day in the top 30 — after touching $951.21. Abraxas Capital's shorts are now $118M in profit, and ZEC still sits under $1,000 at $987.68.
Meanwhile $XMR went the other way, up 4.1% to $582.47 — ZEC is now worth 1.70 XMR, down from 2.10x yesterday. The privacy pair has split in two.
I'm leaning bearish while $1,000 caps it. A daily close back above $1,000 kills this view; a break of $951 opens $900, with $BTC $74,099 still holding its $73,510 floor behind it.
Does $ZEC reclaim $1,000 this week, or does $951 give way first?
Not financial advice. DYOR.
#ZEC #PrivacyCoins #CryptoNews
