ZEC This order book is getting interesting—open interest has jumped by nearly 20% in one go, yet the price is still holding firmly above the moving average. This doesn’t look like a distribution pattern; it looks like incremental capital is moving in to lock positions. In the order book, buy orders are much thicker than sell orders. For almost three hours, spot funds have been net inflowing continuously without a break. Buyers have the advantage, but the price hasn’t been pulled sharply higher, suggesting that big players are quietly accumulating. The four-hour timeframe has just gone through a round of pullback to build up energy, and short-term momentum has only just turned positive after leaving the oversold zone. As long as this divergence structure doesn’t break, it’s about time for the bulls to put on a show. For those brothers who are shorting near the lows, you’d better pray you can run fast—because this round of adding positions isn’t here to feed the market.