ZEC +5.95% Amid Whale Position Reduction and Accumulation Signs

On NOV 11 2025, ZEC rose by 5.95% within 24 hours to reach $478.9, ZEC dropped by 27.2% within 7 days, rose by 16.13% within 1 month, and rose by 735.05% within 1 year.

Whale Activity Sparks Market Volatility

A significant shift in ZEC’s market dynamics emerged as a known whale account under the "Accurate ZEC Strategy" (0x96e) executed a partial liquidation of its position. Over the past 9 hours, the account sold more than 30,000 ZEC coins, reducing its stake from a previous valuation of $37.01 million to $10.37 million. This move resulted in a realized loss of approximately $960,000 and an unrealized loss of $950,000 (46%) on the remaining position. The whale previously held a 5x leveraged long position on Hyperliquid, which had grown to over $10.5 million before the recent correction.

The liquidation is part of a broader trend of position management amid declining ZEC prices. The account had been actively rolling over its leveraged longs since November 3, indicating a prior bullish outlook that has since shifted. Meanwhile, the largest short position on Hyperliquid—held by the 0xd47 address—has also been strategically managed, with its unrealized loss dropping from $20.19 million to $10.87 million. This address continues to add to its bearish exposure, reflecting an ongoing structural bear-bull tug-of-war within the ZEC market.

Accumulation Signals Emerge on Binance

Amid the bearish whale activity, accumulation signals emerged as on-chain analyst Ai Auntie reported a significant buy spike on Binance. On November 11, approximately 2,200 ZEC were traded per second over a ten-minute window, translating to a total purchase of around $33 million. The trades were structured as numerous smaller orders, each valued at roughly $1.2 million, and were clustered into three distinct buy waves. This pattern suggests coordinated accumulation by large players, potentially signaling a reversal in market sentiment.

Technical Indicators and Institutional Interest

Zcash has also drawn attention from institutional investors. Grayscale’s ZEC investment vehicle, the Zcash Trust, has grown to $151.6 million in assets under management, highlighting the appeal of ZEC’s optional transparency model in navigating regulatory environments. The coin's ability to offer privacy without fully obscuring transaction details aligns with evolving compliance frameworks, particularly in the U.S., where the Clarity and Genius Acts have provided clearer regulatory guidance for privacy coins. These developments have positioned ZEC as a viable alternative to Bitcoin for investors seeking enhanced financial privacy.

Backtest Hypothesis

Given the recent accumulation signals and the whale's position reversal, a backtest strategy could focus on the technical implications of the "Double Top" formation reported in prior market analyses. Although no historical ZEC double top events are recorded in the specified timeframe, alternative pattern recognition could be applied. For instance, a broader search for local price peaks exceeding key moving averages, or a pivot toward RSI overbought levels (above 70) as entry signals could provide insight into potential reversal patterns. A modified backtest using RSI divergence or MACD crossover as triggers might help identify optimal entry or exit points in a historically volatile asset like ZEC.