$ZEC post-spike unwind: spot ~1,261 (-7.4% 24h, H 1,368 L 1,251, ~$146M vol). Below 4h MA20 ~1,296, testing MA50 ~1,258. OI val ~$589M→~$559M; retail L/S ~0.98 vs top pos ~1.42; funding +0.01%. Speculative watch: 1,251–1,258 / 1,290–1,296 / reclaim 1,323. Binance spot/futures 02:20 KST.

Not financial advice. DYOR.
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