Zcash Price Prediction: Trader Exits $105M $BTC Long to Short $ZEC

$ZEC just had a massive rally, and now the drama is heating up. A high-volume trader dumped his entire $105M Bitcoin long to open a $46M short against Zcash, while a memecoin called ZCAT is quietly paying holders nearly $3 million in ZEC rewards. This Zcash Price Prediction breaks down whether the Zcash coin price can hold its gains or if the bears are about to take control. Market data was checked on September 8, 2026, at 16:20 IST. $ZEC Price Prediction Today: Market Overview Metric Value Price $1,145.58 24h Change -5% Market Cap $19.1B FDV $23.79B 24h Volume $1.03B Vol/Mkt Cap (24h) 5.39% Total Supply 16.85M Max Supply 21M Circulating Supply 16.85M Holders 323K Source: Data from CoinMarketCap as of September 8, 2026, at 16:20 IST. Figures may vary slightly across other tracking websites. $ZEC Crypto News Today: Trader Flips $105M BTC Long Into ZEC Short High-volume trader Garrett Jin exited a $105.4M long position in BTC to pivot toward an aggressive short strategy against $ZEC, according to a post from BSCN. He liquidated 1,332 BTC, securing a net profit of $2.7M, before deploying capital into the privacy-asset sector. His current short position involves 39,760 ZEC with a total market valuation of $46.65M, and trade data shows a liquidation price of $2,540.28. Source: Data From X CoinGabbar could not independently verify this trade beyond what was shared in the post, and a liquidation price that far above the current price suggests significant room before the position is at risk. ZCAT Memecoin Rewards Holders in $ZEC Anonymous Cat (ZCAT) has distributed nearly $3 million worth of Zcash through its token tax mechanism, according to a separate post from BSCN. Every ZCAT transfer carries a 3% tax, with most of it converted into $ZEC rewards for holders. CoinGabbar could not independently verify the sustainability or total distribution figures of this mechanism beyond what was shared in the post. Bitcoin Price Prediction: BTC Price Today Bitcoin price today stands at $78,730.88, down 0.82% over the past 24 hours. $BTC has cooled off slightly after recent volatility, holding in this range as traders weigh the next move. This Bitcoin price prediction looks at where BTC could head from here, with the broader crypto market watching closely for the next directional signal. $ZEC Chart Analysis: Fibonacci Extension and EMA Levels Pair: ZEC/USD · Market: Spot (Crypto) · Timeframe: 1D · Source: TradingView · Timestamp: September 8, 2026, 06:50 UTC-3 ZEC is trading at $1,145.58, after a sharp rally took the price from below $900 to a high near $1,163.52 before pulling back. The chart uses a Fibonacci retracement drawn from the recent swing low to high, with the price now sitting just above the 1.618 extension level.