ZEC +19.83% 7-Day Surge Amid High-Leverage Shorting Activity

On NOV 18 2025, ZEC experienced a notable 1.97% increase in the last 24 hours, reaching $622.72. Over the past week, the cryptocurrency has seen a substantial 19.83% price gain, while climbing 53.85% in the last 30 days and surging over 1000% in the last 12 months. These figures reflect a sustained rally that has drawn the attention of on-chain observers and traders.

High-Leverage Shorting Activity Spikes Amid Price Rally

On November 18, as ZEC continued its upward trajectory, on-chain data revealed significant shorting activity. A trader was liquidated during a brief market rebound, sustaining a loss of over $3 million. In response, the same trader has initiated a series of short positions amounting to $48.47 million across three wallets, using 10x leverage. As of now, this shorting strategy has resulted in an unrealized profit of $3.36 million, underscoring the volatility and leverage dynamics in the ZEC market.

The trader's approach is not a one-time event. Earlier on the same day, they had shorted 31,698 ZEC — valued at approximately $19.26 million — again with 10x leverage. This repeated high-leverage shorting strategy suggests a high-risk, high-reward approach, which could amplify both gains and losses depending on market conditions.

On-Chain Behavior Reflects Strong Market Sentiment

The aggressive shorting activity observed onchain highlights a polarized market sentiment. While ZEC’s price continues to rise, traders are betting on potential pullbacks, using leverage to maximize exposure. However, the same leverage that allows for significant unrealized gains can also lead to rapid liquidations if the market moves against the trader’s position.

The fact that the trader has maintained a positive unrealized profit despite the recent liquidation indicates that the market's upward momentum has outpaced the bearish expectations of the trader. This behavior suggests that while short-term volatility exists, the broader trend remains bullish for ZEC.

Caution Required in Interpreting Shorting Data

Analysts project that continued on-chain shorting may eventually result in a countertrend move, though no such development has been confirmed as of now. The use of 10x leverage in these trades highlights the risks involved in high-stakes short-term trading strategies. While the trader currently benefits from the price action, any significant reversal in ZEC’s direction could quickly erase the gains or trigger further liquidations.

In conclusion, ZEC’s recent performance has been marked by a sharp upward trend, supported by strong 7-day and 30-day gains. The emergence of high-leverage shorting activity reflects both the confidence and the caution of traders in a rapidly evolving market. As the market continues to test resistance levels, the interplay between bullish price action and bearish positioning remains a critical factor to monitor.