Mega Whale James Wynn Predicts Zcash Price Drop by End of November

Zcash Price Trends: Zcash has shown bullish resilience despite signs of a potential end to its parabolic phase, with some investors predicting a price drop to the $300 range by the end of November.

Investor Sentiment: James Wynn, a notable investor, has taken a short position on Zcash, indicating a bearish outlook, although the cryptocurrency has recently experienced a recovery, rallying nearly 10% after a significant pullback.

Liquidation and Open Interest: The liquidation map for Zcash shows a balance between long and short positions, with recent volatility leading to a decrease in open interest from its all-time high, reflecting changing market dynamics.

Long-Term Outlook: Despite current bearish sentiments, Zcash's growing popularity among institutional investors may support a bullish long-term outlook, potentially limiting downside risks.