ZEC: Shorts Face $30M Loss as Price Hits $1500

ZEC has added over $100 daily in recent sessions, touching $1500 intraday and leaving the Garrett Jin whale entity with $30 million in floating losses on its short book.

The position, now 37760 ZEC after the latest 5000-coin add at $1252.5, sits against a move that began near $400 and has produced roughly $25.85 million in mark-to-market pain.

Price action on the 4h chart shows a bullish structure with EMA50 at $1217.62 and EMA200 at $947.33 acting as layered support while the market trades inside the Bollinger Bands; with price testing upper-band resistance at $1552.42 and RSI(14) already at 78.8, a healthy retracement toward the 50-EMA confluence zone appears probable before any extension higher.