About
Zcash is up over 2,300% year-over-year, and the tidy ETF story doesn't hold up to the math. This episode walks through the actual mechanism: a futures market dwarfing spot volume, a squeeze that liquidated 94% shorts in a single session, and one trader whose position is now large enough to pull price toward his own liquidation level. The gunpowder was laid months earlier, when a patched protocol vulnerability left a pile of stale bearish bets waiting for a match.