ZEC Value Rises 5.73% as Short Sellers Adjust Positions During Market Fluctuations

ZEC Sees Strong Daily Gains Amid Market Volatility

On December 5, 2025, ZEC experienced a notable 5.73% increase within a single day, climbing to $385.59. This surge comes despite the cryptocurrency having declined by 9.19% over both the past week and month. Over the last year, however, ZEC has demonstrated remarkable resilience, soaring by 590.63% and signaling a robust rebound in a turbulent market environment.

Influence of Prominent Trader Activity

Recent market movements have been shaped in part by the trading strategies of a well-known figure, the “Calm Long King.” On-chain analysts have closely tracked this trader, who, according to Coinbob Popular Address Monitor, has recently expanded short positions in ZEC as well as other leading cryptocurrencies such as BTC and SOL over the previous seven hours. These moves highlight increased risk-taking and heightened volatility across the crypto landscape.

Short Position Dynamics and Market Impact

Within just one day, the average entry price for ZEC short positions rose from $344 to $360, with the total value of these positions reaching $17.29 million. Earlier declines in BTC prices allowed the trader’s account to shift from a loss to a profit, but the current unrealized loss of around $160,000 is now mainly due to the ZEC short. This situation illustrates the intricate relationship between leveraged trades and fluctuating crypto prices, especially for high-profile market participants.

Key Active Positions

• BTC: 40x short, valued at $12.25 million, currently showing an unrealized loss of $40,000 (−13%).
• SOL: 20x short, valued at $2.24 million, with an unrealized loss of $150,000 (−61%).
• ZEC: 10x short, valued at $2.51 million, currently holding an unrealized gain of $20,000 (20%).

Trading History and Recent Performance

Since November 27, the trader has deposited roughly $200,000 into Hyperliquid, actively managing a variety of positions. Notably, this address achieved a 15-trade winning streak in September, turning $3 million in capital into over $30 million in profits. However, a series of losses in November have significantly reduced these gains, underscoring the inherent risks of leveraged trading strategies.

Market Sentiment and Outlook

The decision to short ZEC stands out given its recent price action. Although ZEC has seen nearly a 9% drop over the past week and month, its sharp rebound in the last 24 hours adds complexity to market sentiment. These conflicting signals are likely influencing traders’ approaches, especially as the broader crypto sector remains highly volatile.

This pattern reflects a wider trend among leveraged traders, who are constantly adjusting their exposure to fast-moving assets. The “Calm Long King” exemplifies a strategy common among advanced traders: taking bold positions during periods of volatility while continually reassessing risk as market conditions change.

The recent surge in ZEC’s price highlights the difficulties faced by short sellers in markets where bullish momentum can quickly return. With ZEC up 5.73% in just one day, short positions are under increasing pressure. As the crypto market continues to shift, traders will need to stay nimble and responsive to evolving trends and investor sentiment.