Is Arthur Hayes Shifting His BTC to ZCash?
Arthur Hayes has indicated that Zcash is now his second-largest liquid asset, following BTC, and the crypto market is taking note.
The BitMEX co-founder posted the news on X late Friday. He mentioned that his family office, Maelstrom, currently possesses more ZEC than any other asset besides BTC.
As a result of the swift price increase, $ZEC has now become the second largest *LIQUID* asset in the @MaelstromFund portfolio, positioned behind $BTC.
— Arthur Hayes (@CryptoHayes) November 7, 2025
He made this statement following a substantial surge in Zcash, spurring renewed discussions about whether top traders are starting to favor privacy coins once more.
What Led ZEC to Rank as the Second-Largest Asset in Hayes’ Portfolio?
Hayes did not indicate that he sold Bitcoin to establish this position. He characterized it more as a movement influenced by the latest price trends rather than a significant reallocation of his portfolio.
By early Monday, ZEC was trading in the mid-$600 range while BTC was around $105,000. In a statement on X, Hayes noted that ZEC ascended to the second-largest position in his portfolio “because of the rapid price rise,” suggesting that the token’s strong performance impacted his overall asset distribution.
Maelstrom, his family office, indicates it engages in investments in liquid tokens and private transactions.
Hayes has frequently discussed ZEC in recent weeks, sharing long-term aspirations for the coin on various social channels and during discussions.
He also hinted that Zcash could potentially capture a portion of Bitcoin’s value if privacy becomes a stronger narrative again.
These comments coincided with significant ZEC gains since October and renewed media attention over the weekend showcasing its rise into the large-cap sector.
Zcash is akin to BTC, featuring a 21M token limit while incorporating shielded transactions via zero-knowledge proofs. This capability allows users to keep amounts and addresses confidential if they wish.
This aspect has returned to the forefront as enthusiasm for on-chain privacy resurfaces.
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Zcash Price Prediction: Is Increasing Open Interest Indicating a Stronger Bullish Momentum?
Zcash has gained momentum over the last month, with futures activity experiencing a sharp uptick, while the Futures Taker CVD has remained positive for 30 consecutive days, indicating buyer dominance.
Most participants in the futures market leaned toward buying, opening positions in both long and short trades to take advantage of the price movements.
Lookonchain identified a notable buyer after ZEC dipped to $509.
A secretive large holder created a new digital wallet (0x6EF9) 14 hours ago and transferred 6.27M $USDC into Hyperliquid, placing a limit long order at $509.5 on $ZEC.
9 hours ago, the order was fully executed — now holding 20,833 $ZEC($12M) with an unrealized profit of $1.44M.… pic.twitter.com/eZt2TrirgV
— Lookonchain (@lookonchain) November 9, 2025
Reportedly, the big investor transferred $6.27 million to Hyperliquid and placed a limit-long order for 20,800 ZEC, valued at about $12.12 million.
As the trading market trended upward, the trader’s position briefly showed an approximate $1.51 million in unrealized profits. They ultimately closed the position, netting around $1.25M in earnings.
Futures activity has also surged, with CoinGlass data indicating that Zcash open interest increased by approximately 9.8% to $939.31M, pointing to an influx of capital into ZEC futures.
Long-short positioning exhibited a slightly uptrend sentiment. CoinGlass reported a 24-hour Long/Short Ratio nearing 1.01.
On Binance, top traders showed a higher figure of 1.11, indicating that more traders were still leaning towards long positions.
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The post Is Arthur Hayes Rotating His Bitcoin Into ZCash? appeared first on 99Bitcoins.
