Zcash Token narxiZEC

$ZEC $ZEC #ZEC is bearish

According to OnchainLens analytics, a whale labeled the “ZEC Largest Short” shifted 4 million USDC into HyperLiquid, amplifying short exposure on ETH by 15x and on ZEC by 5x. The entity now spans eight active positions with a combined notional around $1.488 billion, including a Ethereum short valued at roughly $130 million and a ZEC short around $12 million. The aggregate unrealized PNL exceeds $17 million, while realized gains surpass $38 million, indicating concentrated bearish bets among major crypto participants. Market participants should monitor liquidity flows and risk metrics as cross‑exchange activity intensifies. This OnchainLens brief highlights persistent demand for leveraged short strategies within the sector, particularly when backed by stablecoin collateral.

BlockBeats News, December 26, according to OnchainLens monitoring, the "ZEC Largest Short" whale transferred 4 million USDC to HyperLiquid, increasing ETH (15x) and ZEC (5x) short positions. The whale currently holds 8 positions, with a total value of approximately $1.488 billion, with the Ethereum short worth $130 million and the ZEC short worth $12 million. The total unrealized PNL of the positions exceeds $17 million, with account gains exceeding $38 million.

$ZEC but now