🔥 Just matched a bit of Vol $ZEC, went for a loop around Square and saw the ZEC short team—so wild, guys :)))
Most entries are all around 600-800$ then they just hold and DCA until now. Light shorts a few hundred $ and end up down 5–10k$, heavy shorts 10–20k$ and it turns into 100–200k$ loss.
Looking at a few groups, it seems that, calculated out, there are tens of thousands of short orders all propping up this short position at the same time. Pretty shocking indeed.
Guess I’ll look more into it… see where these teams’ average liquidation price is, then balance the entries around that 🙂↔️. Kinda crazy, but in the financial market, it’s originally other people’s money you’re just stuffing into someone else’s pockets :)))
Has anyone been holding this short already… share a few entries and let me seeee
Most entries are all around 600-800$ then they just hold and DCA until now. Light shorts a few hundred $ and end up down 5–10k$, heavy shorts 10–20k$ and it turns into 100–200k$ loss.
Looking at a few groups, it seems that, calculated out, there are tens of thousands of short orders all propping up this short position at the same time. Pretty shocking indeed.
Guess I’ll look more into it… see where these teams’ average liquidation price is, then balance the entries around that 🙂↔️. Kinda crazy, but in the financial market, it’s originally other people’s money you’re just stuffing into someone else’s pockets :)))
Has anyone been holding this short already… share a few entries and let me seeee
