$ZEC Wow! Its all-time low only landed two years ago. In one go, it jumped fifty times—pushing its market cap into the top ten. This valuation cycle is nothing but the residual heat of a burn-out: the closer the low point gets, the more savage the multiplier becomes, which only proves that this round of market cap was inflated purely by short-term sentiment, with no real underlying value formed across cycles. On the chart, the four-hour and daily timeframes are both turning into double sell-offs; contract open interest is shrinking, and momentum in the short-covering surrender quadrant indicates the drive has been exhausted. The faster you blow up the balloon, the louder it will pop when it finally bursts.