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The Whale Just Cashed $11M on ZEC — But Did He Exit Too Early? 🌌 What if the biggest short squeeze in ZEC history is about to begin right after a whale took profit? Garrett Jin closed a short trade on Zcash (ZEC) with a staggering $11.24 million profit. This eight-figure exit signals a massive bearish conviction that paid off — but it also removes the largest known short position from the order book. Bull case: With the whale's short closed, selling pressure from that position is gone. ZEC could see a relief bounce as shorts covering fuel a squeeze. If BTC holds support, altcoin rotation may lift privacy coins like ZEC into a short-term recovery. Bear case: Jin's exit may be a warning that he sees limited further downside — or worse, that he expects deeper capitulation. A whale taking profit on a short can also mean they anticipate a liquidity grab lower before any real reversal. ZEC remains a low-liquidity altcoin vulnerable to manipulation. The crypto bridge: This event reflects a broader market pattern — whales front-run retail sentiment. ZEC's next move depends on whether BTC stabilizes above $60K or breaks lower. If risk appetite fades, privacy coins get hit first. Sharp takeaway: Whale exits are signals, not endings — watch the volume, not the headline. Disclaimer: Not financial advice. DYOR. $ZEC #CryptoMarkets #WhaleWatch #Altcoins