ZEC -10.72% in 24H amid massive short liquidations and rising market volume

On NOV 17 2025, ZEC dropped by 10.72% within 24 hours to reach $631.3, ZEC rose by 23.62% within 7 days, rose by 54.26% within 1 month, and rose by 1009.26% within 1 year.

ZEC Shorts Suffer Massive Losses Amid Price Surge

Zcash (ZEC) continues to make headlines in the crypto market as price volatility triggers significant losses for short positions. On November 17, ZEC surged above $700, leading to partial liquidations of high-profile short positions. A well-known gambler and trader, whose addresses are associated with Roobet and Stake.com, faced over $3.28 million in losses as a result of the price increase.

According to on-chain monitoring by LookOnChain, the address (0x7B7...734E) now holds 73 BTC valued at $122.5 million, with a liquidation price set at $95,764. Additionally, the address holds 34 ZEC valued at $16.75 million, and 5.6 million XRP valued at $12.5 million. The ZEC position has a liquidation price of $757.

Largest ZEC Short on Hyperliquid Faces Over $21 Million in Floating Losses

Hyperliquid’s largest ZEC short position is also under pressure. The short position, identified as address (0xd47), has recorded an unrealized loss of $21.75 million, representing a 245% loss compared to its initial position. The position size has grown from $29.26 million to $43.20 million, and the floating loss has increased by approximately $7 million in just one week.

This position was initiated on October 10 at a price of around $184 and has been continuously added to over time. The average entry price is now $360, and the liquidation price is at $1111. With the total nominal value of the account at $74.35 million, the address is closely monitored by on-chain analysts for any further adjustments or liquidations.

ZEC Rises as Third-Largest Altcoin by Trading Volume

Zcash’s trading volume has surged, pushing it into the top three altcoins by volume. As of November 17, ZEC recorded a 24-hour trading volume of $4.38 billion, trailing only Ethereum ($35.48 billion) and Solana ($5.29 billion). ZEC’s price, currently at $692.37, reflects a 217% increase over the past month and a market cap of $11.3 billion.

The growing interest in ZEC is attributed to rising demand for privacy-focused assets. Analysts note that Zcash’s shielded transactions and zero-knowledge proof technology are driving adoption. Delphi Digital reports that ZEC has captured most of the growth in the privacy coin sector, outpacing competitors like TORN.

Institutional and Retail Investors Show Confidence in ZEC

Major investors and industry figures are expressing confidence in ZEC’s long-term potential. BitMEX co-founder Arthur Hayes has positioned ZEC as the second-largest liquid asset in his portfolio after Bitcoin. He has publicly stated that ZEC is stronger than XRP and could potentially surpass it in market value.

Additionally, Zcash’s recent price action—breaking out of a long-term wedge pattern—has drawn attention from technical analysts. Eric Van Tassel highlighted the significance of ZEC’s 555% increase since breaking out of the pattern, noting that the asset has experienced multiple pullbacks of 20–43% over the last 36 days.

ZEC Price Faces Overbought Conditions and Risk of Pullback

Despite the bullish momentum, analysts caution that ZEC’s rapid price rise may lead to a pullback. The coin is currently trading in overbought territory according to technical indicators, and historical data shows that ZEC often experiences sharp corrections following significant rallies.

The debate between ZEC supporters and Bitcoin loyalists has also intensified, with some suggesting the rally is coordinated due to its speed and volatility. However, Zcash advocates argue that the surge is driven by real demand for privacy features and growing institutional interest.

With the upcoming Zcash halving event on the horizon and increased adoption in the form of new wallet integrations, the market will remain closely watched for signs of sustainability in the current rally.