ZEC surpassed $1,000. But the real question is just beginning. Zcash rose approximately 20% in the last 24 hours. But two even more striking figures stand out: $2.3 billion Open Interest $36.6 million in liquidations $34.5 million in short positions This means that during the rally, short positions were heavily liquidated. When the short squeeze ends, is there genuine spot demand to push ZEC higher? If so, $1,000 could be a new starting point. If not, a significant portion of this move may have been fueled by leverage. Zcash:native is no longer just rising— The market is testing whether this rally is backed by real demand, and hoping it is.