$ZEC This is too wild— in 4 hours, a liquidation of $13.4 million, and the shorts basically contributed 96% 😂 I checked the data: this move took it from 1086 to 1650 in less than a week.
The most outrageous part is Grayscale’s ZCSH—after launch, it had 16 straight days of net inflows, cumulatively pulling in more than $233 million. Traditional brokerage accounts can now buy ZEC directly; the buyers have shifted from crypto old-timers (old bagholders) to Wall Street institutions.
But what really had me laughing is Garrett Jin. He’s holding 200,000 ZEC spot coins worth $320 million, and at the same time opened a short position for 38,000 coins on Hyperliquid to hedge. ZEC then kept breaking out—he held the short for three months, and in the end he exited at a loss of $36.13 million. The profits from the spot position all went to fill the short’s losses. All that work, for nothing 🤡
On-chain there’s also a whale that’s even more interesting: bought at an average price of $48.44 for more than two years. After it broke above 1000, he transferred 22,840 coins to Binance, profiting $21.96 million—20x gains cashed out. This is the real “sell when crowds are roaring.”
Right now EMA7 is at 1621 and the price is perfectly riding along the moving average line. The 4-hour MACD has a slight divergence—if you’re chasing highs short-term, watch for a pullback. But for the medium to long term, the exchange’s locked pool has kept almost 30% of the circulating supply; the Grayscale ETF is still steadily absorbing; the supply-side logic hasn’t changed.
Are you on the train, or did you miss it?
#zec
The most outrageous part is Grayscale’s ZCSH—after launch, it had 16 straight days of net inflows, cumulatively pulling in more than $233 million. Traditional brokerage accounts can now buy ZEC directly; the buyers have shifted from crypto old-timers (old bagholders) to Wall Street institutions.
But what really had me laughing is Garrett Jin. He’s holding 200,000 ZEC spot coins worth $320 million, and at the same time opened a short position for 38,000 coins on Hyperliquid to hedge. ZEC then kept breaking out—he held the short for three months, and in the end he exited at a loss of $36.13 million. The profits from the spot position all went to fill the short’s losses. All that work, for nothing 🤡
On-chain there’s also a whale that’s even more interesting: bought at an average price of $48.44 for more than two years. After it broke above 1000, he transferred 22,840 coins to Binance, profiting $21.96 million—20x gains cashed out. This is the real “sell when crowds are roaring.”
Right now EMA7 is at 1621 and the price is perfectly riding along the moving average line. The 4-hour MACD has a slight divergence—if you’re chasing highs short-term, watch for a pullback. But for the medium to long term, the exchange’s locked pool has kept almost 30% of the circulating supply; the Grayscale ETF is still steadily absorbing; the supply-side logic hasn’t changed.
Are you on the train, or did you miss it?
#zec