ZEC Whale Deposits $5M USDC to Avoid Liquidation

As ZEC climbs sharply, whale address "0x320" just deposited $4.997M in USDC to HyperLiquid, staving off liquidation on a massive 18,286 ZEC (10x) short position. This move comes with a floating loss exceeding $2.36M and pushes the new liquidation price to $855.34. The same whale also runs a 61.69 BTC (21x) short, amplifying exposure in this volatile market. Zcash, the pioneering privacy coin with zero-knowledge proofs since 2016, faces renewed ZEC price volatility amid potential short squeeze history echoes from last year's rallies. HyperLiquid, the decentralized perpetuals exchange on its Layer-1 chain, enables these high-leverage plays, drawing parallels to broader crypto market crash risks if BTC trends shift.

Zooming into the 4-hour chart, ZEC trades at $538.79 and presses against upper Bollinger resistance at $518.53, signaling volatility exhaustion as RSI hits an overbought 88.65. Yet the bullish structure holds firm with a MACD golden cross at 34.31, price well above the EMA50 support of $399.96 and EMA200 at $335.35 acting as deeper backstops. Expect a tactical pullback to test that EMA50 before resuming upside, especially if whales like this one fuel a ZEC price prediction squeeze higher—mirroring Bitcoin BTC momentum in recent months.