Brothers, beware of scams in the crypto market! $ZEC ！
I really got educated by this stuff.
Before, I saw ZEC rally all the way up to around 1300. My first thought was: it’s up three times—so it should be time to drop, right? So I blindly went short. Turns out the market gave me a lesson.
Now ZEC is surging again to around $1284—up more than 14% in 24 hours. It’s been pulled from around $800 all the way to 1300. The shorts are really struggling. Open interest in the contracts is already close to $2.76 billion, and the volatility is getting crazier.
The most common mistake is seeing a coin that’s already risen a lot and assuming it’s going to fall right away.
But ZEC is not playing that game. After Grayscale’s Zcash spot ETF was listed, institutional money has kept flowing in. On top of that, the cascade of liquidation from short squeezes pushes funds layer by layer upward—so the price naturally gets pulled harder and harder.
I’m a living example from the other side: I put in a short on the short term, didn’t set the stop-loss properly, thinking I’d wait for a pullback and then leave. But it kept pushing higher all the way.
In this kind of market, going stubbornly short is really likely to become fuel. If you truly want to short, consider it only after clear signs of weakening appear at the highs. And if it pulls back to lower levels, going long with the trend is at least more comfortable than hard-shorting a ZEC that’s just been pumping violently.
I really got educated by this stuff.
Before, I saw ZEC rally all the way up to around 1300. My first thought was: it’s up three times—so it should be time to drop, right? So I blindly went short. Turns out the market gave me a lesson.
Now ZEC is surging again to around $1284—up more than 14% in 24 hours. It’s been pulled from around $800 all the way to 1300. The shorts are really struggling. Open interest in the contracts is already close to $2.76 billion, and the volatility is getting crazier.
The most common mistake is seeing a coin that’s already risen a lot and assuming it’s going to fall right away.
But ZEC is not playing that game. After Grayscale’s Zcash spot ETF was listed, institutional money has kept flowing in. On top of that, the cascade of liquidation from short squeezes pushes funds layer by layer upward—so the price naturally gets pulled harder and harder.
I’m a living example from the other side: I put in a short on the short term, didn’t set the stop-loss properly, thinking I’d wait for a pullback and then leave. But it kept pushing higher all the way.
In this kind of market, going stubbornly short is really likely to become fuel. If you truly want to short, consider it only after clear signs of weakening appear at the highs. And if it pulls back to lower levels, going long with the trend is at least more comfortable than hard-shorting a ZEC that’s just been pumping violently.