2025-12-29 11:20:24

Privacy coin ZEC has doubled in value this year, but recently an interesting hedging signal has emerged. An on-chain whale transferred 2 million USDC to a major exchange platform and then opened a 2x short position on ZEC. This move is quite noteworthy—whales are usually highly perceptive, and their contrarian bets often indicate a shift in market sentiment.

Looking at the data, ZEC's rally in the first half of the year has been impressive, but during the high-level consolidation, large-scale short positions are clearly testing the resistance above. The $2 million entry size isn't massive, but using 2x leverage to short the privacy coin sector suggests that the bears have some confidence in the upcoming trend.

The current question is: is this an isolated hedging move, or a sign that the privacy coin rally is reaching its peak? Whether ZEC can hold its key support levels in the coming days is worth close monitoring. If large-scale short positions continue to grow, it could imply that market sentiment is reversing.

ZEC-0.41%

USDC0.01%

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SolidityNewbie

· 5h ago

The whales are lurking again, this time it's ZEC. After doubling in price, a short position has appeared, which feels a bit risky.

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LiquidationKing

· 5h ago

Whale shorts ZEC with 2 million, is this the same old trick? The market was exciting in the first half of the year, and now they want to dump the market, classic move. Doubling down and still going? Greed is insatiable, brother, like a snake swallowing an elephant. Using 2x leverage to short clearly indicates that these big players have already sniffed out the opportunity, while we retail investors are still dreaming. If the support level can't hold, it's time to cut losses, the signs of a top are becoming more and more obvious. However, 2 million is not a big move, don’t treat this as the final verdict; we need to wait until large-scale short positions truly accumulate before making a judgment.

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SmartContractPlumber

· 5h ago

Whales shorting privacy coins... Basically, it's testing whether the code has vulnerabilities. Opening a 2x short with 2 million USDC, either means they are confident in the fundamentals or are betting on regulatory risks — neither of which are good signals.

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YieldWhisperer

· 5h ago

wait, 200万就算大户？actually the math doesn't check out here... that's literally peanuts for real whale activity lmao. saw this exact pattern in 2021 before three different projects death spiraled. is this just another manufactured "whale signal" or... 🤔

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JustAnotherWallet

· 6h ago

Whales are moving, and this time they might really be about to dump the market.

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ContractSurrender

· 6h ago

Whales' movements are really transparent; only those with 2 million in short positions dare to act... Can ZEC hold up this time?

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