Whale Transfers Add Pressure to ZEC Price Action

[AIcash]

Shortly after the unshielding event, on-chain data showed a whale transferring 74,002 ZEC—worth approximately $35.7 million—to Binance. Large exchange deposits are often interpreted as potential sell-side positioning, especially when paired with rising short interest.

At the same time, derivatives data shows ZEC among the altcoins with the highest capital outflows and a continued buildup of short positions. While the broader altcoin market has recovered modestly, ZEC’s price has declined about 7%, reinforcing concerns that traders are hedging or rotating away from privacy-focused assets.

[96f402f86e]

feels like rotation more than panic selling, but yeah zec def not the hot trade rn