$ZEC SHORTS GETTING SQUEEZED 🚨
$ZEC pushed through $1,000, triggering heavy short liquidations.
Key Market Metrics:
• Liquidations: ~$34M–$36M in shorts force-closed over 24h.
• Open Interest: Elevated near $2.3B, indicating high remaining leverage.
What's Driving the Move?
A mix of aggressive spot demand combined with forced buying from liquidated shorts.
What to Watch:
Whether $ZEC can hold above the $1,000 psychological level to turn it into support, or if short-term squeeze momentum begins to fade.
Is $1,000 holding as support, or are you expecting a pull-back? Let’s hear your take below 👇
$ZEC pushed through $1,000, triggering heavy short liquidations.
Key Market Metrics:
• Liquidations: ~$34M–$36M in shorts force-closed over 24h.
• Open Interest: Elevated near $2.3B, indicating high remaining leverage.
What's Driving the Move?
A mix of aggressive spot demand combined with forced buying from liquidated shorts.
What to Watch:
Whether $ZEC can hold above the $1,000 psychological level to turn it into support, or if short-term squeeze momentum begins to fade.
Is $1,000 holding as support, or are you expecting a pull-back? Let’s hear your take below 👇
