ZEC is now around 570u. After pulling back from the peak at 596, it has gained 16% in a week—this move really has something to it.
First, let’s talk about the money. In the past three hours, spot net inflows have not stopped: there have been 12 consecutive K-lines with not a single one giving back, and large orders are continuing to come in. Back at 489 and 509, what I was waiting for was exactly this kind of signal—and this time it really showed up, and price pushed all the way to 596.
But now the situation is different from before. On the futures side, active trading has flipped to seller-dominant; the bid side accounts for only a little over 40%. Whale accounts betting long are under 40%, which is noticeably lower than the whole-network average. After a 16% rise, spot is still being accumulated, but the futures side has started to run outward.
In plain terms: the direction isn’t a big problem, but the positioning isn’t great. Chasing prices while they’re just under 596 makes the risk not match the potential reward. RSI and MFI are both getting close to overbought levels, and volatility is at an extreme level—one big bearish candle could bury the people who chased.
So I won’t chase. I’ll wait for a pullback. The key is to watch whether there’s someone absorbing around 550 (the 1-day low). If it’s absorbed, then consider it; if it can’t hold, just treat this move as a pulse.
#zec $ZEC
First, let’s talk about the money. In the past three hours, spot net inflows have not stopped: there have been 12 consecutive K-lines with not a single one giving back, and large orders are continuing to come in. Back at 489 and 509, what I was waiting for was exactly this kind of signal—and this time it really showed up, and price pushed all the way to 596.
But now the situation is different from before. On the futures side, active trading has flipped to seller-dominant; the bid side accounts for only a little over 40%. Whale accounts betting long are under 40%, which is noticeably lower than the whole-network average. After a 16% rise, spot is still being accumulated, but the futures side has started to run outward.
In plain terms: the direction isn’t a big problem, but the positioning isn’t great. Chasing prices while they’re just under 596 makes the risk not match the potential reward. RSI and MFI are both getting close to overbought levels, and volatility is at an extreme level—one big bearish candle could bury the people who chased.
So I won’t chase. I’ll wait for a pullback. The key is to watch whether there’s someone absorbing around 550 (the 1-day low). If it’s absorbed, then consider it; if it can’t hold, just treat this move as a pulse.
#zec $ZEC