The post ZEC whales target $803: Why $1.25mln in profit signals THIS new demand appeared on BitcoinEthereumNews.com.

Key Takeaways What drove Zcash’s recent surge? Whale long positions and a 9.7% rise in Open Interest reflected renewed trader confidence and stronger buying pressure. How could ZEC perform next? Continued accumulation may lift prices toward $803, though rising leverage could spark corrections near the $480 zone. After years of tight consolidation, Zcash [ZEC] finally broke out of its range, climbing to a new high of $744. Since touching that level three days ago, the token has seen sharp volatility—rising above $700, dropping to $488, then rebounding past $600. At press time, ZEC traded at $574.92, down 4.42% over the last 24 hours. Futures data show buy-side dominance Since Zcash rebounded a month ago, investors’ participation in the Futures market has skyrocketed. As such, Futures Taker CVD remained green throughout the past 30 days, signaling buyers’ dominance.  Source: CryptoQuant Thus, most participants in the Futures market were buyers, opening strategic positions, either shorts or longs.  Lookonchain observed such a buyer. According to the on-chain monitor, a whale bought the dip after ZEC dropped to $509. This whale deposited $6.27 million into Hyperliquid and placed a limit-long order for 20,800 ZEC, worth $12.12 million. After prices moved higher, the whales’ unrealized profit rose to  $1.51, but closed late, realizing $1.25 million in profit.  On top of that, investors’ participation in the Futures market has surged significantly. According to CoinGlass, Zcash Open Interest surged 9.77% to $939.31 million, signaling increased capital inflow into futures.  Source: CoinGlass By contrast, Long/Short Ratios on major exchanges confirmed this bullish lean. CoinGlass data showed the overall 24-hour Long/Short Ratio at 1.0149, while Binance Top Traders’ Positions hit 1.1098, underscoring growing long exposure. Spot accumulation strengthens the case Beyond derivatives, on-chain data revealed rising Spot accumulation. The Accumulation/Distribution (A/D) Line climbed steadily to 5.33 million, signaling consistent buying pressure.…

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Filed under: News - @ November 9, 2025 11:01 pm