At dawn, $ZEC hit the highest at 1388, up 21.36% in 24 hours. Are the shorts still not leaving?
Why did it surge so much? It’s a resonance between structural positives and a short squeeze!
1. Governance vote passed: The Zcash community approved the NU7 direction with over 99% support, including reducing block time from 75 seconds to 25 seconds, keeping the halving, and launching NU7 as soon as possible—eliminating route uncertainty.
2. Short squeeze: A huge whale has been continuously shorting from around $400, with floating losses of over $25 million. Once the price broke 1000, 1200, and 1300, they were forced to close positions, creating a positive feedback loop of “rising—liquidation—buying.”
3. Ledger integration: Zcash Labs funded the Ledger integration of the Ironwood privacy pool, opening the self-custody channel for hardware wallets.
4. Structural support: The Grayscale ZCSH spot ETF listing, privacy narratives in the AI era, and a rising share of supply being shielded.
Want to know the latest entry point / for brothers who are trapped in shorts? Click below to enter the chat room and find Old Zhang.
#美联储加息是否已成定局 #Zcash上涨6% #Zcash持币者投票支持NU7升级
$BTC $LSK
Why did it surge so much? It’s a resonance between structural positives and a short squeeze!
1. Governance vote passed: The Zcash community approved the NU7 direction with over 99% support, including reducing block time from 75 seconds to 25 seconds, keeping the halving, and launching NU7 as soon as possible—eliminating route uncertainty.
2. Short squeeze: A huge whale has been continuously shorting from around $400, with floating losses of over $25 million. Once the price broke 1000, 1200, and 1300, they were forced to close positions, creating a positive feedback loop of “rising—liquidation—buying.”
3. Ledger integration: Zcash Labs funded the Ledger integration of the Ironwood privacy pool, opening the self-custody channel for hardware wallets.
4. Structural support: The Grayscale ZCSH spot ETF listing, privacy narratives in the AI era, and a rising share of supply being shielded.
Want to know the latest entry point / for brothers who are trapped in shorts? Click below to enter the chat room and find Old Zhang.
#美联储加息是否已成定局 #Zcash上涨6% #Zcash持币者投票支持NU7升级
$BTC $LSK
