Zcash holds $400–$430 range as a $21.3M 2x whale long builds squeeze risk

Zcash (ZEC) has stayed boxed between $400 and $430 for four days, trading at $427 at press time, up 2.6% on the day and 8% on the week. One large trader added to a 2x leveraged long to 50,100 ZEC (about $21.3 million), even as exchange long/short ratios slipped below 1 and futures positioning pointed to continued downside risk.