1500 US dollars breaks through—$ZEC bulls draw their swords, and are the 46 million shorts about to be wiped out?
When the largest short is forced to sell ETH to cover margin, the shorts were already defeated.
Personal view: This wave of ZEC surged from 1,000 to 1,520 US dollars. On the surface, it’s driven by positive news such as the Grayscale ETF and NU7, but fundamentally it’s a squeeze of short-side liquidity. After Garrett Jin fell into a loss of 30 million US dollars, and sold 35,000 ETH to cover margin, his liquidation price jumped from 2,631 to 4,738.
This means below 4,700, he can’t actively stop-loss; he can only passively wait for liquidation. This is the classic “prisoner’s dilemma.”
Technical analysis: On the 1-hour chart, the MA10 is at 1,239 US dollars. Price is far above the moving average, so the market likely needs a short-term pullback. But the funding rate has remained negative, which indicates shorts are still paying a premium to maintain their positions. As long as the price doesn’t break below 1,380, the short-squeeze structure won’t collapse.
Lao Zhang’s trading suggestions:
Long: Aggressive traders can enter long directly at market price. Conservative traders should enter on a pullback around 1,440–1,450. First targets: 1,520–1,550.
Short: Only short on resistance around 1,550–1,560, and use a light position size.
Garrett Jin’s liquidation price is 4,738 US dollars—how long do you think the market will make him wait?
If you want to know the latest entry levels, click the link below to join Lao Zhang in the chat room!
#HYPE涨超11% #香港拟年底前推出批发CBDC #NEAR涨超26%突破3.45美元
$HYPE $ETH
When the largest short is forced to sell ETH to cover margin, the shorts were already defeated.
Personal view: This wave of ZEC surged from 1,000 to 1,520 US dollars. On the surface, it’s driven by positive news such as the Grayscale ETF and NU7, but fundamentally it’s a squeeze of short-side liquidity. After Garrett Jin fell into a loss of 30 million US dollars, and sold 35,000 ETH to cover margin, his liquidation price jumped from 2,631 to 4,738.
This means below 4,700, he can’t actively stop-loss; he can only passively wait for liquidation. This is the classic “prisoner’s dilemma.”
Technical analysis: On the 1-hour chart, the MA10 is at 1,239 US dollars. Price is far above the moving average, so the market likely needs a short-term pullback. But the funding rate has remained negative, which indicates shorts are still paying a premium to maintain their positions. As long as the price doesn’t break below 1,380, the short-squeeze structure won’t collapse.
Lao Zhang’s trading suggestions:
Long: Aggressive traders can enter long directly at market price. Conservative traders should enter on a pullback around 1,440–1,450. First targets: 1,520–1,550.
Short: Only short on resistance around 1,550–1,560, and use a light position size.
Garrett Jin’s liquidation price is 4,738 US dollars—how long do you think the market will make him wait?
If you want to know the latest entry levels, click the link below to join Lao Zhang in the chat room!
#HYPE涨超11% #香港拟年底前推出批发CBDC #NEAR涨超26%突破3.45美元
$HYPE $ETH
