🕶️ $ZEC Is Testing $1,400 - And Shorts Are Fueling the Move Zcash has pushed to a local high near $1,385, keeping most of the move above $1,350 after a sharp squeeze in derivatives. Cryptopolitan says roughly $56.35M in ZEC shorts were liquidated in 24 hours, helping accelerate the rally. ⚡The bigger picture is just as wild: trading volume reached about $2.59B, while ZEC open interest climbed to a three-year high near $2.14B. On Hyperliquid, around 70% of traders are currently long ZEC, while centralized exchanges show a much heavier short bias. That split is what makes the setup interesting to me. ZEC is no longer moving mainly on spot demand - derivatives are now playing a much bigger role, which means both upside squeezes and sharp reversals can get amplified. There’s also a fundamental catalyst in the background: Zcash recently approved a shorter block time, which will speed up block production and bring the halving schedule forward. Hashrate has also increased about fourfold over the past year. ⛏️ If $BTC stays constructive, ZEC may keep attracting momentum traders. But with leverage this high, I’d watch $1,350–$1,400 more as a derivatives battleground than a simple resistance zone. Not financial advice. Always DYOR. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #ZEC