The shorts got taught a lesson on $ZEC : 3,000 liquidations—every one of them was a short
From last night to now, ZEC has been pushed from 812 up to 979, and it’s now hovering around 949—up +16% in a day. I looked at the liquidation data: over the last 3,000 liquidations, it was all short positions—no longs got liquidated at all. This kind of market—take a good look at it—is what people call the “graveyard for the bears.” The moment you open a short, it rallies; if you refuse to admit defeat and keep holding, it keeps rallying until it blows you up.
I really know people who got caught: someone opened a short around 850 last night, thinking, “It’s gone up so much—surely it’ll pull back.” But price kept rising and was still around 950. Their position was gone—and so was the person. The pain of missing the move, the despair of holding a short, this whole episode played out in full.
Let me put it objectively: this ZEC run isn’t pure hype. The Grayscale ETF was listed on the NYSE on 8/25—the world’s first privacy-coin spot ETF—and in its first week it’s up +66%. The SEC also closed out early in the year, regulatory risks were cleared. And after the halving, the circulating supply is tight by nature. These are “hard fundamentals,” not something poked into existence by a single spike.
But the chart also gives warnings: RSI12 is at 70.64, and the KDJ has already turned (K 35.17 has broken below D 42.90). The BOLL upper band at 1,016 is pressing down; after pushing up to 979.69, it failed to hold above 950. So short-term overbought is definitely real. My stance: don’t chase the high, and don’t go naked short. Consider buying on a pullback near the 919 mid-band, or wait until tonight’s 20:30 jobs report lands. In a one-direction market like this, the worst thing is when you get itchy. Controlling your hands matters more than controlling your position.
For personal opinion only; not investment advice.
#zec #zcash #美国续请失业金人数降至177.9万 #美国初请失业金人数升至20.6万 $BTC $ETH
From last night to now, ZEC has been pushed from 812 up to 979, and it’s now hovering around 949—up +16% in a day. I looked at the liquidation data: over the last 3,000 liquidations, it was all short positions—no longs got liquidated at all. This kind of market—take a good look at it—is what people call the “graveyard for the bears.” The moment you open a short, it rallies; if you refuse to admit defeat and keep holding, it keeps rallying until it blows you up.
I really know people who got caught: someone opened a short around 850 last night, thinking, “It’s gone up so much—surely it’ll pull back.” But price kept rising and was still around 950. Their position was gone—and so was the person. The pain of missing the move, the despair of holding a short, this whole episode played out in full.
Let me put it objectively: this ZEC run isn’t pure hype. The Grayscale ETF was listed on the NYSE on 8/25—the world’s first privacy-coin spot ETF—and in its first week it’s up +66%. The SEC also closed out early in the year, regulatory risks were cleared. And after the halving, the circulating supply is tight by nature. These are “hard fundamentals,” not something poked into existence by a single spike.
But the chart also gives warnings: RSI12 is at 70.64, and the KDJ has already turned (K 35.17 has broken below D 42.90). The BOLL upper band at 1,016 is pressing down; after pushing up to 979.69, it failed to hold above 950. So short-term overbought is definitely real. My stance: don’t chase the high, and don’t go naked short. Consider buying on a pullback near the 919 mid-band, or wait until tonight’s 20:30 jobs report lands. In a one-direction market like this, the worst thing is when you get itchy. Controlling your hands matters more than controlling your position.
For personal opinion only; not investment advice.
#zec #zcash #美国续请失业金人数降至177.9万 #美国初请失业金人数升至20.6万 $BTC $ETH
