Zcash hits highest price since 2016 as shorts face millions in paper losses

Betting against Zcash is currently a multi-million dollar mistake, yet the "smartest" traders are doubling down on failure. Despite a 55% rally fueled by the first U.S. ETP, whales are pouring millions into shorts—one even risking a 26-win streak to bet against it. With top shorters sitting on over $27 million in losses, their refusal to pivot suggests a desperate denial of Zcash's institutional era. Are these whales delusional, or is this rally a trap? What’s your take?
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