ZEC Down 4.42% on Nov 8 Amid Short Liquidation Risks and Whale Position Shifts

Generated by AI AgentCryptoPulse AlertReviewed byAInvest News Editorial Team
Saturday, Nov 8, 2025 2:02 pm ET1min read
Aime RobotAime Summary

- ZEC fell 4.42% on Nov 8 to $574 after a 42.1% 7-day rally, amid a broader privacy coin sector correction.

- A 6.27M

USDC
deposit on HyperLiquid signaled strategic ZEC accumulation, contrasting with a $34M short position adding $36.8M collateral to avoid liquidation.

- ZEC's largest long position reduced exposure by selling 5,000 ZEC, while BitMEX co-founder Arthur Hayes revealed Zcash as his second-largest holding after

Bitcoin
.

- Market volatility intensified as bulls and bears reinforced positions, with ZEC down 23% from its $750 peak but up 995.61% year-to-date.

On NOV 8 2025,

ZEC
dropped by 4.42% within 24 hours to reach $608.24, ZEC rose by 42.1% within 7 days, rose by 52.36% within 1 month, and rose by 995.61% within 1 year.

A newly created wallet deposited 6.27 million

USDC
into HyperLiquid and placed a $504 buy order to go long on ZEC. The move, observed by Onchain Lens, suggests a strategic accumulation at current price levels. The wallet’s order reflects confidence in ZEC’s potential rebound or continuation of the long-term bullish trend, despite recent volatility.

Meanwhile, the Privacy Coin sector saw a significant correction on Nov 8. ZEC retraced over 23% from its recent high of $750, currently trading at $574, according to HTX market data. ZEN and

DASH
also fell, with ZEN down 18.65% to $17.03 and DASH down 31.39% to $84. The sector-wide decline highlights the sector’s sensitivity to momentum shifts and increased risk of profit-taking after a sharp rally.

On-chain activity revealed a growing divergence in ZEC positioning. The largest short position on HyperLiquid, with a current value of $34.09 million, has continuously added collateral to avoid liquidation. Over the past 24 hours, an additional 36.814 million US dollars was deposited, bringing the total added to over 40 million. The short’s entry price is $305.9127, while the liquidation price is at $1,312.58. This aggressive funding reflects the high leverage and risk of a large bearish bet.

Conversely, the largest ZEC long position on Hyperliquid reduced its exposure, shrinking its unrealized gain from $12 million to $3 million. The whale sold 5,000 ZEC within an hour, indicating a cautious approach amid heightened volatility. These shifts between long and short positions point to a market in flux, with both bulls and bears reinforcing their positions amid mixed signals.

Arthur Hayes, co-founder of BitMEX, has publicly revealed that

Zcash
is now his second-largest holding after
Bitcoin
at his family office, MaelstromFund. This revelation follows a dramatic rally in ZEC, which surged over 400% in the past month, climbing from $137 to over $730. Hayes’s disclosure has likely amplified retail and institutional interest in the privacy coin, though current prices have corrected significantly from peak levels.