ZEC Drops 4.42% on November 8 as Short Liquidation Threats Rise and Large Holders Adjust Positions
- ZEC fell 4.42% on Nov 8 to $574 after a 42.1% 7-day rally, amid a broader privacy coin sector correction. - A 6.27M USDC deposit on HyperLiquid signaled strategic ZEC accumulation, contrasting with a $34M short position adding $36.8M collateral to avoid liquidation. - ZEC's largest long position reduced exposure by selling 5,000 ZEC, while BitMEX co-founder Arthur Hayes revealed Zcash as his second-largest holding after Bitcoin . - Market volatility intensified as bulls and bears reinforced positions, wi
As of November 8, 2025,
A recently established wallet transferred 6.27 million
At the same time, the Privacy Coin market underwent a notable pullback on November 8. ZEC dropped more than 23% from its recent peak of $750 and is now trading at $574, based on HTX market figures. ZEN and
On-chain data shows a widening gap in ZEC market positioning. The largest short position on HyperLiquid, currently valued at $34.09 million, has consistently increased its collateral to avoid being liquidated. In the last 24 hours, an extra $36.814 million was added, raising the total collateral to over $40 million. The short position was opened at $305.9127, with a liquidation threshold at $1,312.58. This substantial collateralization highlights the high leverage and risk associated with this bearish stance.
Meanwhile, the biggest ZEC long on Hyperliquid has scaled back, reducing its unrealized profit from $12 million to $3 million. The large holder sold 5,000 ZEC in just one hour, signaling a more cautious approach amid increased volatility. These adjustments between long and short positions reflect a market in transition, with both bullish and bearish investors reinforcing their views amid conflicting signals.
Arthur Hayes, BitMEX’s co-founder, has disclosed that
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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