Zcash (ZEC) has experienced a dramatic price surge, reaching its highest point in over four years at $284 on October 11th. This remarkable rise is attributed to multiple factors: escalating geopolitical tensions following Trump’s trade policies towards China, and a large-scale short squeeze triggered by the asset’s breakout above resistance levels. Despite Bitcoin and Ethereum facing a downturn in the broader crypto market, Zcash stood out as a top performer within the top 50 assets. The surge is linked to the unwind of leveraged short positions that had built up over recent days. This resulted in forced covering and liquidation of short bets around key resistance levels. The resulting imbalance has shifted the Long/Short ratio to 1.05, signaling a return to long position accumulation amidst initial market volatility.