ZEC over the past two days has broken away from the overall market and moved into an extreme independent trend—straight up to the $1,400 level. After Paradigm 联创 Matt Huang publicly disclosed that institutions have entered the position heavily, and coupled with community votes confirming to keep the same Bitcoin-style halving model, the sentiment on the forums and Twitter was instantly ignited.
Many people are used to treating $ZEC as old legacy code from the previous cycle, but if you place it in today’s micro environment, look at it this way: in the existing battle phase where BTC ($BTC ) has been pinned around the $76,000 area with contraction in volume, and the macro backdrop just added a 25-basis-point rate hike—top crypto funds never step in to buy on the “sentiment” that retail traders talk about. They’re here because they see the perfect squeeze created by the sudden surge in mining difficulty combined with the fixed halving mechanism.
Two days ago, the contract negative funding rate was pushed deep into negative territory. The shorts were forced into a squeeze, and a cascade of liquidation-driven stop-outs became the biggest fuel for this leg of the primary upswing. But the more insane the price action gets, the more you need to understand the logic of the positioning: after a vertical breakout with no volume pullback, regardless of how grand the narrative sounds, what usually remains after the liquidity climax is a liquidity gap.
Rebuilding the narrative with old coins backed by institutions really does sound sexy. But in the late stage of a short squeeze—chasing and selling at the wrong time—at its core you’re still using your own principal as the counterparty for early-position holders.
#Zcash区块时间缩短 # U.S. Senate vote against the Bitcoin Transparency Act
Many people are used to treating $ZEC as old legacy code from the previous cycle, but if you place it in today’s micro environment, look at it this way: in the existing battle phase where BTC ($BTC ) has been pinned around the $76,000 area with contraction in volume, and the macro backdrop just added a 25-basis-point rate hike—top crypto funds never step in to buy on the “sentiment” that retail traders talk about. They’re here because they see the perfect squeeze created by the sudden surge in mining difficulty combined with the fixed halving mechanism.
Two days ago, the contract negative funding rate was pushed deep into negative territory. The shorts were forced into a squeeze, and a cascade of liquidation-driven stop-outs became the biggest fuel for this leg of the primary upswing. But the more insane the price action gets, the more you need to understand the logic of the positioning: after a vertical breakout with no volume pullback, regardless of how grand the narrative sounds, what usually remains after the liquidity climax is a liquidity gap.
Rebuilding the narrative with old coins backed by institutions really does sound sexy. But in the late stage of a short squeeze—chasing and selling at the wrong time—at its core you’re still using your own principal as the counterparty for early-position holders.
#Zcash区块时间缩短 # U.S. Senate vote against the Bitcoin Transparency Act