ZEC: Garrett Jin Loses $18.5M on Short as Price Breaks $1,000

ZEC surged above $1,000 and triggered an $18.5M loss for Garrett Jin on his 32,760 ZEC short valued at $33.11M. Lookonchain flagged the position via on-chain data from hypurrscan. Price now sits at $998.65 inside a bullish structure where EMA50 holds at $843.88 and EMA200 at $690.8.

With price testing upper Bollinger resistance at $1001.24 while RSI flashes overbought at 75.92, a healthy retracement to the 50-EMA support at $843.88 seems probable before further continuation; MACD golden cross at 37.56 reinforces the broader uptrend. Traders tracking ZEC price prediction should monitor this confluence zone closely as volatility contracts near the band edge.