ZEC whales sweep 3956 coins, giants add leverage worth $17.53 million, is a triangle breakout imminent?

2026-01-12 14:20:15

【CryptoWorld】Zcash has recently made some waves. A new wallet withdrew a total of 3,956 ZEC from a major exchange, equivalent to 15.53 million RMB, draining the seller’s liquidity. At the same time, a seasoned trader took it even further—opening a 10x leverage position, piling up 42,498 ZEC longs worth nearly 17.53 million USD.

This is not an isolated incident. Open interest is also surging, increasing by 6.18%, with the total surpassing $900.5 million. Interestingly, among top traders on a major platform, 61% are betting on the long side. In other words, market funds are flowing in one direction.

What about ZEC’s price trend? It has been stuck in a triangular range for several months, with resistance at $408.36 and support at $371.21. The Relative Strength Index (RSI) remains at 42.13, indicating a neutral slightly weak position. The current pattern is—spot accumulation, derivatives exposure stacking, with longs targeting the same goal. The market is quite perceptive, and everyone is sensing an upward move.

However, the risks are not insignificant. High leverage is like a ticking time bomb; if the support at $371.21 breaks, chain liquidations could follow swiftly. The current situation is: the mechanism is optimistic, but psychologically, everyone needs to stay alert.

ZEC5,18%

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