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#ZEC hits new all-time high The current situation with $ZEC is probably most painful not for those who didn't buy, but for those who bought at $800 and feel it's overpriced, those who hesitate to chase the price at $900, and those who are waiting for a pullback at $1000. As a result, it pushed up again. ZEC recently surged to around $1,050, continuously setting new highs over the past decade. Just a month ago, it was hovering around $500, and now it has nearly doubled. Over the past 30 days, it has risen by nearly 94%, and in the past year, it has surged by more than 2,300%. To be honest, this trend can no longer be explained simply by the phrase "privacy coin hype." After the launch of Grayscale's ZCSH spot ETF, it has already brought in at least $34.4 million in net inflows; meanwhile, the narrative around privacy has resurfaced, and miner hash power has entered the scene, with capital, narrative, and chips all converging at the right moment. The most ruthless are the short sellers. When $ZEC broke through $1,000, approximately $36.6 million in leveraged positions were liquidated within 24 hours, with $34.5 million of those being short positions. This is very much like the cryptocurrency world. The more people think "it's so high that it must fall," the more they open short positions; the more short positions there are, the higher the price rises, and the forced liquidation orders turn into buy orders, ultimately fueling the upward movement for the short sellers themselves. From $500 to $1,000, you can rely on trends, but above $1,000, it's all about emotions, liquidity, and who ends up holding the bag! ZEC's strong breakout has directly driven DASH, ZEN, and XMR to rise in tandem, fully igniting the privacy coin sector!