Zcash ripped past a grand, hit $1,046 on Sept. 4, and guess who was front and center? Our boy Hayes, calling it the 'zidelined' play. Shorts got absolutely wrecked — $34.5 million in liquidations — as this privacy coin hit a $17 billion market cap, flipping Doge for the 11th spot. Grayscale's shiny new ZCSH ETF is vacuuming up millions at a 2.5% fee, and the FOMO is so thick you could cut it with a knife.
▪️ ZEC bottomed near $250 in June, spent July crawling between $400 and $580, then went vertical after Grayscale's ZCSH ETF launch on Aug. 25.
▪️ $34.5 million in short positions were liquidated as the price popped above $1,000, with open interest hitting $2.15 billion — rocket fuel for both sides, you know how this game works.
▪️ Grayscale's ZCSH ETF now holds $414.7 million in assets, up from $304 million at conversion, and they claim they'll funnel that 2.5% fee back into Zcash. Sure, buddy.
▪️ One-year gain: 2,296%. Thirty-day gain: 98%. Bitcoin was flat — this is a solo run, not a beta trade. No excuses.
▪️ Arthur Hayes posted a chart at 22:18 UTC with the caption: 'I was going to retire my bloodline, but then I was 'zidelined'.' The man knows how to pump, gotta hand it to him.
▪️ Bitwise's Matt Hougan and Alliance DAO's Qiao Wang also named ZEC alongside Bitcoin as a core hold — the influencers are aligned, so you know the narrative is set.
📊 All-time high (Sept 4):
$1,046📊 Market cap:
$17B📊 ETF assets (ZCSH):
$414.7M📊 Shorts liquidated:
$34.5MIf you're holding ZEC, congrats — you're sitting on a monster. But don't get cocky: open interest at $2.15 billion means the liquidation engine is loaded both ways. That 2.5% fee on ZCSH could cap fresh inflows once the novelty wears off. And a coin up 2,300% in a year doesn't need a reason to drop — ask the guys who got short-squeezed yesterday whether they're feeling lucky. If you're not already in, don't chase the green candle like a degen; watch for a pullback or wait for the next catalyst. Or do, I'm not your mom.
💬 «I was going to retire my bloodline, but then I was 'zidelined'.» — Arthur Hayes
🔮 ZEC is printing numbers no one's seen since 2016. The next squeeze could send it higher — or flush the latecomers. Either way, it's gonna be fun.
@exverse_chat