ZEC Price Up 5.73% as Short Position Shifts Amid Market Volatility

On DEC 5 2025, ZEC rose by 5.73% within 24 hours to reach $385.59, despite a 9.19% drop over seven days and a 9.19% monthly decline. Over the past year, however, the cryptocurrency has surged by 590.63%, signaling a strong recovery amid ongoing market turbulence.

A notable development in ZEC’s market activity involves the actions of a popular trader known as the “Calm Long King,” whose trading strategy has been closely monitored by on-chain analysts. According to data from the Coinbob Popular Address Monitor, the address increased its short positions in ZEC and other major cryptocurrencies, including BTC and SOL, over the past 7 hours. This activity reflects shifting risk exposure and growing volatility across the market.

ZEC’s average short position price rose from $344 to $360 in the span of one day, with the total position size reaching $17.29 million. While BTC’s price decline earlier in the day helped the account transition from a loss to a gain, the current unrealized loss of approximately $160,000 is now largely attributed to the ZEC short position. This highlights the complex interplay between crypto prices and leveraged positions, particularly for high-profile traders.

The account’s current key positions include:- A 40x short position in BTC, valued at $12.25 million with an unrealized loss of $40,000 (−13%).- A 20x short position in SOL, valued at $2.24 million with an unrealized loss of $150,000 (−61%).- A 10x short position in ZEC, valued at $2.51 million with an unrealized gain of $20,000 (20%).

Since November 27, the address has deposited approximately $200,000 into Hyperliquid, where it has been actively managing multiple positions. The trader previously recorded a 15-win streak in September, managing to turn over over $30 million in profits with just $3 million in capital. However, recent missteps in November have significantly eroded these gains, underscoring the high-risk nature of leveraged trading.

The short position in ZEC is particularly intriguing given the asset’s recent performance. While it has dropped by nearly 9% over the past week and month, it has rebounded strongly in the last 24 hours. The market’s mixed signals may be influencing trader sentiment, especially as the broader cryptocurrency sector continues to experience sharp price swings.

This activity aligns with broader trends in the market, where leveraged traders are increasingly adjusting their exposure to rapidly moving assets. The “Calm Long King”’s strategy reflects a common playbook among sophisticated traders—opening aggressive positions during volatile periods while managing risk through continuous re-evaluation of market conditions.

The ZEC price movement, in particular, underscores the challenges faced by short sellers in an environment where bullish trends can reverse quickly. With the cryptocurrency currently up 5.73% in a single day, the profitability of short positions is under pressure, especially in the face of strong long-term momentum. As the market continues to evolve, traders will need to remain agile in adapting to shifting price dynamics and sentiment.