ZEC: Garrett Bullish Closes $35M Hyperliquid Short

Garrett Bullish closed his largest short on Hyperliquid $ZEC, booking a $35.44 million loss after entering at $656.31 and exiting at $1,458.82 over 86 days while the token rose 122.3 percent.

The trader had withdrawn 202,077 ZEC from Binance since December 2025 at an average $437, turning the overall position profitable despite the futures loss.

Price sits at $1510.76 inside the Bollinger Bands with upper resistance at $1570.26 and lower support at $1418.31. The 50-EMA at $1359.61 and 200-EMA at $1034.39 continue to act as layered support beneath current levels while RSI at 61.62 stays neutral and MACD prints a death cross at 44.03. With price testing upper Bollinger resistance while the death cross forms, a healthy retracement toward the 50-EMA support at $1359.61 appears probable before further continuation. ZEC price prediction models now incorporate this exact confluence zone for the next swing.