🔥 The ZEC short positions have already crowded together—now you need to be careful!
On Binance, the top trader’s share of short positions is as high as 72.05%, and the long-to-short ratio is only 0.39, meaning the market is clearly biased to the downside.
But Garrett Jin’s 3.976万枚#zec short orders are already showing an unrealized loss of about $21.98 million. More importantly, the 90-day spot CVD has remained consistently buyer-biased, indicating that spot buying hasn’t pulled out.
Meanwhile, ZEC open interest over the past 24 hours has fallen by 11.49%, and derivatives trading volume is down 42.06%—the shorts have not received clear confirmation of new leverage.
Technically, price is currently retracing near the $1,023 FVG area, and the MACD is still relatively strong.
As long as this zone holds, there’s still a chance for wave 5 to start—in which case the shorts might end up becoming fuel. 📈#美加关税战升级
On Binance, the top trader’s share of short positions is as high as 72.05%, and the long-to-short ratio is only 0.39, meaning the market is clearly biased to the downside.
But Garrett Jin’s 3.976万枚#zec short orders are already showing an unrealized loss of about $21.98 million. More importantly, the 90-day spot CVD has remained consistently buyer-biased, indicating that spot buying hasn’t pulled out.
Meanwhile, ZEC open interest over the past 24 hours has fallen by 11.49%, and derivatives trading volume is down 42.06%—the shorts have not received clear confirmation of new leverage.
Technically, price is currently retracing near the $1,023 FVG area, and the MACD is still relatively strong.
As long as this zone holds, there’s still a chance for wave 5 to start—in which case the shorts might end up becoming fuel. 📈#美加关税战升级
