The long-awaited Zcash price hack may not be happening – here’s why

The price of Zcash has maintained a clear upward trend, fueling expectations of an imminent crash. The ZEC continues to make higher, which indicates strength on the surface.

However, a careful analysis of investor behavior and the positioning of derivatives reveals weak demand, raising doubts about the sustainability of the current bullish structure.

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Zcash holders show skepticism

The Chaiken Cash Flow Index indicates… Zcash price notice . On the two-day chart, CMF is forming lower highs while ZEC price is making higher highs. This bearish divergence indicates lower capital flows despite rising prices.

These branches often reflect the distribution that lies below the surface. Investors can sell for strength rather than accumulation. When buying pressure weakens during an uptrend, the price becomes vulnerable to a reversal, especially if sentiment fails to improve.

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Macro indicators reinforce negative expectations. Zcash funding rates Extremely negative on the main derivative platforms. This imbalance shows that short contracts significantly outweigh long positions, reflecting strong bearish expectations among traders.

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Negative funding rates indicate that traders pay a premium to maintain short exposure. This position indicates an expectation of a short-term price decline. Sustained negative prices often coincide with lower spot demand and reinforce broader bearish sentiment toward the asset.

The ZEC price may see a correction

The price of ZEC is… Currently, the trend is bullish, a pattern that can precede strong movements. The cryptocurrency is trading near $522 at the time of writing, while remaining below the resistance of $528. While the structure indicates a breakthrough, confirmation is still missing.

Despite the split, weak CMF, and negative financing rates, the risk of collapse is growing. If selling pressure accelerates, ZEC may fall towards the $448 support. A loss at this level will likely extend the decline towards $403, confirming a bearish reversal.

The bullish scenario remains possible under improving macroeconomic conditions. If buying momentum strengthens, ZEC can break Above $528. A confirmed breakout could push the price towards $607, with $702 emerging as an extension target, completely nullifying the bearish thesis.