ZEC: Climbs to Tenth Largest Crypto Market Cap

ZEC has surged into the tenth spot by crypto market capitalization as the largest short position on Hyperliquid bleeds $23.57 million in unrealized losses.

The position belongs to whale Garrett Bullish, who holds a 2x short of 32,759.57 ZEC valued at $38.18 million entered at $444 with liquidation at $2,566; the same address also carries a 1,331.88 BTC long showing $3.6 million profit.

Price action on the 4h chart reveals ZEC trading at $1175.61 against upper Bollinger resistance at $1166.76 while RSI(14) prints 81.93, confirming overbought conditions inside a bullish structure supported by EMA50 at $923.77 and EMA200 at $729.7; with price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $923.77 seems probable before further continuation as MACD maintains its golden cross at 65.6.