Zcash Price Prediction: A Four-Year Bug Wiped 40% From ZEC in One Day and Arthur Hayes Sold Everything

• A four-year vulnerability in Zcash’s Orchard pool allowing undetectable ZEC counterfeiting triggered a 40% single-day crash.
• Arthur Hayes sold his entire ZEC position but left the door open to buying back at higher prices.
• Shorts absorbed $45.92M in 24-hour liquidations as OI jumped 8% to $917M with professionals net short for the first time this cycle.

Zcash trades at $380 on June 6, attempting a partial recovery after crashing more than 40% from $675 following the disclosure of a critical vulnerability in the Orchard shielded pool that could have allowed counterfeit ZEC minting to go undetected for over four years.

ZEC Daily Chart: All Four EMAs Lost in One Candle and the 200 EMA Is the Last Floor

ZEC/USD Daily Price Action (Source: TradingView)

The daily chart captures the scale of the damage. ZEC had been building cleanly above all four EMAs since Apr…

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