ZEC Climbs 3.55% as Investors Show Support and Derivative Positions Expand

As of November 6, 2025,

(ZEC) has jumped 3.55% over the last day, reaching a price of $490.4. In the previous week, advanced by 20.16%, gained 22.39% over the past month, and soared 780.06% since the start of the year. This remarkable growth is credited to heightened interest from both institutional and retail investors, notable endorsements from industry leaders, and an uptick in leveraged trading activity on derivatives exchanges.

The recent price surge was sparked by influential figures in the crypto and tech sectors expressing their support for ZEC as a privacy-oriented alternative to

. On October 1, prominent Silicon Valley angel investor Naval described ZCash as "insurance against Bitcoin," a comment that set off the coin’s upward momentum. Since that statement, ZEC has appreciated by 575%. BitMEX co-founder Arthur Hayes added to the optimism on October 30, predicting, “Nothing will derail this momentum; ZEC is headed for $10,000.” Hayes has since reiterated his bullish stance, suggesting ZEC should be a key asset as monetary expansion is expected to resume in 2026.

The total market capitalization of privacy coins has risen alongside ZEC’s rally, now standing at $25.5 billion after a 2.9% increase in the last 24 hours. ZEC’s trading volume reached $3.87 billion during the same period, reflecting robust liquidity and active investor engagement.

Derivatives data also highlights growing enthusiasm for ZEC. On Hyperliquid, one trader boosted their long position in ZEC to $13.7 million using 5x leverage. Entered at $352.5, this position now shows an unrealized gain of $3.1 million, with a liquidation threshold at $304.6. This points to a rising speculative interest in ZEC among derivatives traders, who are increasingly optimistic about its short-term outlook.

Technical analysis tools such as moving averages and the relative strength index (RSI) are used in backtesting to identify optimal entry and exit points. A frequently used backtesting method is to track days when ZEC’s price jumps by 5% or more, as these instances often indicate major momentum changes.

Backtest Hypothesis

To assess ZEC’s performance following significant daily gains, a backtesting approach can be employed that focuses on days when the “close-to-close daily return is at least +5%.” This method helps analyze subsequent price trends to determine if such surges historically present profitable opportunities.

For example, by applying this backtest to ZEC from January 1, 2022, through November 6, 2025, one would identify each day the coin’s daily return met or exceeded 5%. After these occurrences, the position could be held for a predetermined period, such as 10 days, or until a stop-loss or take-profit target is triggered.

Risk management measures, like a 10% stop-loss and a 20% take-profit, can be incorporated to limit potential losses while maximizing gains. This systematic approach offers valuable insights into the effectiveness of momentum-based strategies for ZEC during times of heightened investor optimism.