ZEC has crossed $1,200 and Hyperliquid's largest short, Garrett Jin, is $25.7M underwater on 32,760 ZEC opened at $444.

Zcash surged 20% to $1,023, liquidating $34.5M in short positions as Grayscale's ZCSH ETF and rising shielded supply fuel the privacy coin's

The Zcash squeeze rode a Fed-driven crypto rally that reversed hours later, when a stronger-than-expected jobs report sent Bitcoin back down.