Zcash (ZEC) Holds Above $1,200 as Whale Shorts Swell

Zcash (ZEC) held above $1,200 while Bitcoin dipped below $80,000. Data shows 532 whales are shorting ZEC, and 4.7 million ZEC moved into the new Ironwood pool. The whale shorts suggest bearish sentiment, but the Ironwood pool inflows indicate accumulation or staking activity. ZEC's price resilience contrasts with Bitcoin's decline, highlighting divergent market dynamics.