$ZEC ONLY JUST PAID FOR THIS ENTIRE RALLY 🤯🤯🤯⁉️
A big player held the short at $24.4M and in the end closed it around $1,548, when $ZEC was already ripping up to $1,584.
Loss on the deal — $10.68M.
And the craziest part: before this, the trader had a track record of 79% profitable trades and over $9M in accumulated profit since June.
One position wiped it all out.
But for me, what’s more interesting is something else.
When this kind of short volume gets closed almost forcibly, these $24.4M turn into buyers right during the pump. And that alone can add even more fuel to the move.
Now I’m watching $1,550–1,585.
If this zone holds after such a squeeze-out, then the story might not be over yet.
And if it doesn’t, then the market has already started running out of steam after the main squeeze.
A big player held the short at $24.4M and in the end closed it around $1,548, when $ZEC was already ripping up to $1,584.
Loss on the deal — $10.68M.
And the craziest part: before this, the trader had a track record of 79% profitable trades and over $9M in accumulated profit since June.
One position wiped it all out.
But for me, what’s more interesting is something else.
When this kind of short volume gets closed almost forcibly, these $24.4M turn into buyers right during the pump. And that alone can add even more fuel to the move.
Now I’m watching $1,550–1,585.
If this zone holds after such a squeeze-out, then the story might not be over yet.
And if it doesn’t, then the market has already started running out of steam after the main squeeze.
