ZEC briefly dropped 6%, leading to a tug-of-war between bulls and bears, with the largest on-chain ZEC bulls and the "sham altcoin short sellers" both significantly increasing their positions

According to Coinbob's popular address monitoring, the ZEC price briefly dropped by 6.4%, hitting a low of $449 before rebounding to around $465. During this fluctuation, the largest long whale on Hyperliquid (0x152) saw its position shift from profit to loss, and then decisively increased its position near $459, adding 2,486 ZEC (approximately $1.14 million) within 10 minutes. Over the past 20 hours, it has cumulatively increased its long position by 9,871 ZEC (approximately $4.54 million). Currently, this whale holds a 10x leveraged long position in ZEC, with a scale of about $12.35 million and an average price of $463.

Additionally, Coinbob monitoring shows that the "largest short" whale in ZEC is still at a floating loss and has not adjusted its ZEC short position recently, with a current position size of about $17.48 million and an average price of $419, resulting in a floating loss of $1.64 million (47%). Meanwhile, the "altcoin short army leader" has been continuously increasing its ZEC short position over the past few hours, currently raising its ZEC short position size to $2.08 million and is still continuing to add to it.