A prominent crypto whale, known as 0x320, has fully liquidated its ZEC short position, booking a stinging $6.54 million loss that pushes its overall trading defeats to $9.6 million. This move follows a desperate $4.997 million USDC deposit into HyperLiquid to dodge liquidation as ZEC prices surged, leaving the whale with an 18,286 ZEC (10x) short still open, a floating $2.36 million loss, and a new liquidation threshold at $855.34. The trader also clings to a 61.69 BTC (21x) short amid broader Bitcoin volatility, highlighting brutal crypto trading losses in this bullish cycle.

Zooming into the 4-hour ZEC chart, price action screams bullish conviction at $544.06, comfortably above the EMA50 support at $431.2 and the EMA200 at $346.74, both acting as rock-solid floors in this uptrend. MACD's golden cross at 47.81 fuels the momentum, but RSI at 70.62 signals overbought territory, setting up a potential pullback. With ZEC trading inside the Bollinger Bands, eyeing that upper resistance at $615.85 while the lower support at $334.68 holds firm, expect a tactical retracement to test the EMA50 before resuming the grind higher—classic volatility exhaustion play in a market chasing ZEC price prediction highs and dodging crypto market crash fears.