ZEC rises by 5.95% as whales reduce holdings and accumulation becomes evident

As of November 11, 2025,

climbed 5.95% in the past day, reaching $478.9. Over the last week, ZEC fell by 27.2%, but it gained 16.13% in the past month and surged 735.05% over the previous year.

Whale Moves Drive Market Swings

ZEC’s market saw notable turbulence after a prominent whale, operating under the "Accurate ZEC Strategy" (0x96e), partially closed its position. In the last nine hours, this account sold off more than 30,000 ZEC, reducing its holdings from $37.01 million to $10.37 million. This action led to a realized loss of about $960,000 and an unrealized loss of $950,000 (46%) on the remaining coins. Previously, the whale had maintained a 5x leveraged long on Hyperliquid, which had grown to over $10.5 million before the recent downturn.

This liquidation reflects a broader trend of adjusting positions as ZEC’s price declines. Since November 3, the account had been rolling over leveraged longs, signaling a previously optimistic stance that has since shifted. At the same time, the largest short on Hyperliquid, held by address 0xd47, has been actively managed, with unrealized losses shrinking from $20.19 million to $10.87 million. This address continues to expand its short exposure, highlighting the ongoing battle between bullish and bearish forces in the ZEC market.

Accumulation Patterns Detected on Binance

Despite the bearish whale activity, accumulation signals appeared as on-chain analyst Ai Auntie noted a substantial buying surge on Binance. On November 11, around 2,200 ZEC were traded each second for ten minutes, totaling roughly $33 million in purchases. These transactions were broken into many smaller orders, each about $1.2 million, and occurred in three distinct waves. This suggests coordinated buying by large investors, possibly indicating a shift in market sentiment.

Technical Signals and Institutional Engagement

Zcash has also attracted institutional attention. Grayscale’s ZEC investment product, the

Trust, now manages $151.6 million in assets, underscoring the appeal of ZEC’s selective transparency for regulatory compliance. The coin’s privacy features, which allow for traceability without full anonymity, align with new compliance standards, especially in the U.S., where the Clarity and Genius Acts have clarified rules for privacy coins. These factors have made ZEC an appealing alternative to for those seeking greater financial privacy.

Backtesting Strategy

With recent accumulation and the whale’s shift in position, a backtest approach could examine technical signals linked to the "Double Top" pattern highlighted in earlier analyses. While no ZEC double top events have been recorded in the given period, other pattern recognition methods could be used. For example, searching for local highs above key moving averages or using RSI readings above 70 as entry points may help spot reversal signals. Alternatively, a backtest using RSI divergence or MACD crossovers as triggers could help pinpoint optimal trade entries or exits in ZEC’s historically volatile market.