$BTC just touched $87,395... highest level in around 8 months 🔥
And at the SAME time $ZEC decided $1,600 wasn't enough and pushed all the way to $1,650 😁
This is exactly the momentum we were waiting for...
Bitcoin went from $75K to $87K+ while ZEC moved from around $1,086 to $1,650 on these charts.
And shorts have paid heavily for fighting this move 👀
During Bitcoin's breakout above $87K, roughly $919M in crypto SHORT positions were liquidated, with more than $557M coming from BTC shorts alone.
ZEC has been doing the same thing on its own smaller battlefield... tracked ZEC futures recorded around $1.35M shorts vs $520K longs liquidated on Sept 22, after several much larger short-liquidation sessions earlier in the rally.
Now the levels i am watching are simple...
$BTC: $87.4K → $88K next resistance
$ZEC: $1,650 → $1,680 area next
I have been bullish on both... but especially ZEC while people kept waiting for that magical dump back below $500 😂
Momentum is strong, shorts are getting squeezed and BTC finally broke that long-held $82K resistance...
Just don't turn bullish momentum into an excuse for stupid leverage now 😁
#BitcoinTops$87KAtEightMonthHigh
#ZECBreaksAbove$1600AtRecordHigh
And at the SAME time $ZEC decided $1,600 wasn't enough and pushed all the way to $1,650 😁
This is exactly the momentum we were waiting for...
Bitcoin went from $75K to $87K+ while ZEC moved from around $1,086 to $1,650 on these charts.
And shorts have paid heavily for fighting this move 👀
During Bitcoin's breakout above $87K, roughly $919M in crypto SHORT positions were liquidated, with more than $557M coming from BTC shorts alone.
ZEC has been doing the same thing on its own smaller battlefield... tracked ZEC futures recorded around $1.35M shorts vs $520K longs liquidated on Sept 22, after several much larger short-liquidation sessions earlier in the rally.
Now the levels i am watching are simple...
$BTC: $87.4K → $88K next resistance
$ZEC: $1,650 → $1,680 area next
I have been bullish on both... but especially ZEC while people kept waiting for that magical dump back below $500 😂
Momentum is strong, shorts are getting squeezed and BTC finally broke that long-held $82K resistance...
Just don't turn bullish momentum into an excuse for stupid leverage now 😁
#BitcoinTops$87KAtEightMonthHigh
#ZECBreaksAbove$1600AtRecordHigh
