ZEC Up 4.77% on Short Position Activity and Market Recovery

On DEC 5 2025, ZEC rose by 4.77% within 24 hours to reach $386.31, despite a 10.01% decline over the past week and a 10.01% drop over the past month. The year-over-year gain, however, remains substantial at 584.4%. This price movement comes amid active short position adjustments by a prominent on-chain player, highlighting the cryptocurrency’s ongoing volatility and strategic positioning in the market.

Short Position Adjustments and Positional Shifts

According to recent on-chain monitoring, a well-known trader nicknamed “Calm Long King” has increased its short positions in BTC, ZEC, and SOL over the past 7 hours. ZEC’s average position price has risen from $344 to $360, with a total short position size of $17.29 million. This movement indicates the trader’s growing exposure to a ZEC short, despite earlier gains from BTC and SOL trades.

The account previously flipped from a loss to a profit as BTC prices dropped, but it now holds a small unrealized loss of approximately $160,000, largely attributed to the ZEC short position. Specifically, the ZEC short position includes a $2.51 million exposure at an average price of $360, currently yielding an unrealized gain of $20k (20%). This contrasts with larger losses in BTC and SOL positions, which remain at -13% and -61% unrealized loss rates, respectively.

Historical Performance and Trading Strategy

Monitoring data reveals that since November 27, the account has deposited around $200k into Hyperliquid and has opened multiple positions. Over this period, the trader has enjoyed a 15-win streak, showcasing a disciplined and data-driven approach. Historically, the account’s strategy has proven profitable, having generated over $30M in profits from a $3M capital base in September alone.

However, missteps in November nearly erased all prior gains, underscoring the high-risk, high-reward nature of leveraged trading. The current ZEC short position may be an attempt to capitalize on the coin’s recent price correction and maintain a balanced portfolio amid market uncertainty.

Market Implications and Investor Sentiment

Backtest the impact of ZEC with MACD Death Cross, from 2022 to now.

The increased ZEC short activity coincides with a broader market recovery, as the coin has rebounded 4.77% in the last 24 hours. While the short positions may weigh on ZEC’s upward momentum in the near term, the overall market trend suggests growing confidence in the cryptocurrency’s long-term potential.

Investors are closely watching whether the “Calm Long King” will adjust its positions in response to further price changes. Analysts project that if the ZEC price continues to rise, the short positions could face liquidation risks, potentially adding downward pressure in the event of a sudden reversal.

In conclusion, ZEC’s recent 4.77% gain reflects a mix of short-term market dynamics and strategic positioning by key players. The “Calm Long King’s” actions highlight the evolving nature of leveraged trading in the digital asset space, offering insights into how institutional-like behavior influences market outcomes.