🐋 ZCASH RALLY LEAVES MAJOR WHALE SHORT $25.7M UNDERWATER

Zcash’s explosive rally above $1,200 is putting enormous pressure on traders betting against ZEC.

According to on-chain analyst Ember, a Hyperliquid trader is holding a massive 32,760 ZEC short position with approximately $25.7 million in unrealized losses.

The position was reportedly opened in early July at an average entry price of around $444 per ZEC.

Since then, ZEC has climbed roughly 170% against the position.

📊 THE POSITION
• Short: 32,760 ZEC
• Average entry: ~$444
• Position value: ~$40M
• Unrealized loss: ~$25.7M
• Status: OPEN

Interestingly, the same wallet also holds approximately $107M in Bitcoin longs, showing around $4.4M in unrealized profit — nowhere near enough to offset the massive ZEC short loss.

The key detail: the ZEC short remains open.

If ZEC continues higher, pressure on the position increases. Closing a short of this size would require buying back tens of thousands of ZEC.

ZEC isn't just moving the spot market anymore.

It's putting major leveraged positions under serious pressure. 🛡️

Source: Crypto.news / Ember

⚡ $ZEC | #Zcash
🔒 Privacy • Freedom • Financial Sovereignty

🔥 @ZecZcash

RAOUL PAL HIGHLIGHTS ZCASH AS PRIVACY NARRATIVE GAINS MOMENTUM

Zcash has caught the attention of macro investor and Real Vision co-founder Raoul Pal, who described the cryptocurrency’s long-term technical setup in particularly strong terms.

Discussing ZEC, Pal pointed to the combination of an increasingly relevant privacy narrative and a long-term chart that appears to be breaking higher.

“I just don’t see how this does not go a long way,” Pal said while reviewing the Zcash chart.

His comments come at a notable moment for ZEC. Following its recent appreciation, Zcash has returned to broader market attention as investors reassess the role of financial privacy within the cryptocurrency sector.

Pal’s argument appears to extend beyond short-term price action. Privacy is a relatively straightforward investment narrative: as digital financial activity becomes increasingly transparent and traceable, technologies designed to preserve transactional privacy may become more valuable.

Zcash represents one of the longest-established projects built around that thesis, combining a fixed maximum supply of 21 million ZEC with optional shielded transactions powered by zero-knowledge cryptography.

The latest rally has already resulted in a substantial repricing of ZEC. Whether that momentum can be sustained remains uncertain, but Pal’s comments illustrate how Zcash is increasingly entering the conversation among prominent macro and crypto investors.

🎥 Watch Raoul Pal discuss the Zcash setup in the video above.

⚡ $ZEC | #Zcash
🔒 Privacy • Freedom • Financial Sovereignty

🔥 @ZecZcash