The post Arthur Hayes Puts Zcash Right Behind Bitcoin com. Arthur Hayes revealed Zcash is now the second-largest liquid asset in his Maelstrom family office portfolio after Bitcoin. The shift highlights Hayes’ growing confidence in privacy-focused cryptocurrencies as part of his long-term investment strategy. Zcash (ZEC) has become a hot topic again after Arthur Hayes, co-founder of BitMEX, stated that the token had surged to second place as the largest liquid asset in his family office’s portfolio, Maelstrom, just behind Bitcoin. The trigger for this surge was none other than the aggressive price surge in recent weeks. In fact, the token was trading near $750, its highest level since 2018. Hayes stated this on his social media account, highlighting how the ZEC price rally had changed the composition of his previously BTC-dominated portfolio. Unsurprisingly, this news immediately sparked another wave of interest in the privacy coin narrative. ZEC Faces a Sharp Dip but Bullish Momentum Still Intact However, despite ZEC’s recent vertical surge, its latest price has plummeted by around 10. 60% in the past 24 hours and is now trading around $543. This situation is quite nerve-wracking, especially for those who only recently entered at the peak. However, analyst Chiper X quickly calmed the situation. According to the analyst, this decline is not a sign of weakness, but rather a healthy retracement phase to the previous demand zone. “The long-term market structure remains bullish. Liquidity has been swept away, and the price is reacting from a key support zone,” he wrote. EC 🚨 It has been one of the strongest runners this cycle This pullback isn’t weakness it’s a healthy retracement into previous demand after a vertical run. HTF market structure is still bullish liquidity has been swept, and price is reacting from a key support zone. As. pic. twitter. com/Tj1B5f5D6d Cipher X (@Cipher2X) November 8, 2025 He also believes that.