How to Spot ZEC Whale Moves: $13.25M Withdrawal Signals Fresh Momentum

Large-scale investor activity often precedes significant price moves. On-chain analysis has revealed that a newly created wallet (t1XKfb) extracted 30,000 ZEC—worth approximately $13.25 million—from a major exchange roughly nine hours ago. This type of whale behavior, where significant amounts of assets move off trading platforms into self-custody wallets, typically signals conviction and long-term holding intent.

Reading the Market: ZCash’s Technical Setup

ZCash (ZEC) has gained 10% on Dec. 25, pushing toward the $446 price level with its market capitalization now hovering near $7.3 billion. What makes this rally noteworthy is the structure it’s maintaining: the asset continues to respect an ascending trendline, suggesting that buyers remain in control of price action.

According to technical analysis, a critical demand zone exists around $400. Market observers believe price could retrace into this level before launching the next leg upward. If support holds here, the next target extends toward the $476 resistance zone. However, a break below $380 would signal weakness and potentially trigger larger corrections.

Liquidation Heatmaps Reveal Hidden Fractures

Liquidation data paints a clearer picture of where market participants have positioned themselves. Between $388 and $400, concentrated long liquidation clusters create what analysts call a “rebound magnet”—a zone where sharp rebounds often occur as short sellers capitulate.

The overhead resistance between $450 and $460 tells an equally important story. Dense liquidation activity in this band suggests that significant liquidations occur when shorts get wiped out during rallies. Breaking above $460 could trigger an upside squeeze, while rejection at these levels may cascade into fresh long liquidations.

Why Whale Accumulation Matters

The $13.25 million withdrawal by the whale wallet matters because it removes supply from exchange order books. This simple act of moving coins to self-custody demonstrates conviction—whales don’t accumulate unless they expect future appreciation. Such large moves often create favorable conditions for sustained upside.

Supporting this narrative, capital inflows have reached $66.96 million in recent tracking periods, reflecting renewed market interest. Daily trading volumes surged 50% to approximately $709 million, confirming that sentiment has shifted decisively bullish.

What’s Next for ZEC

ZCash is at an inflection point. The whale accumulation, coupled with strong technical structure and supportive liquidation patterns, suggests higher prices ahead. The $415.25 price level represents a reasonable entry for traders watching for confirmation of the uptrend. The key will be whether buyers can maintain discipline around the $400 demand zone—a successful hold could accelerate momentum toward $476 and beyond.