$ZEC Lately I’ve been watching the BTC mood—when BTC dips, the ZEC order book sees continuous big orders unloading; the rebound comes on lower volume, and it really has the unmistakable feel of the operator using the situation to distribute.
$BTC Look at this funding rate chart: negative funding has been going on for several days (as of 9.18 it even reached -0.04%). The shorts are packed in tightly, but the price stays stubbornly above 1400. Clearly, the operator is squeezing shorts by using the negative funding rate—and at the same time quietly transferring the spot holdings to retail at higher levels.
On the daily chart, it was pushed from 250 to 1537—up five times. Now at the high, it keeps frequently spiking (needle-like wicks). In the last 24 hours, trading volume is 3.3 billion U, a classic distribution-with-range trading rhythm. Don’t rush to bottom-fish—wait until BTC stops falling and let the ZEC volume and price move together before taking action.
Personal screen notes: I’m bearish but I won’t short; I’ll wait for the right moment to go long in line with the trend.
$BTC Look at this funding rate chart: negative funding has been going on for several days (as of 9.18 it even reached -0.04%). The shorts are packed in tightly, but the price stays stubbornly above 1400. Clearly, the operator is squeezing shorts by using the negative funding rate—and at the same time quietly transferring the spot holdings to retail at higher levels.
On the daily chart, it was pushed from 250 to 1537—up five times. Now at the high, it keeps frequently spiking (needle-like wicks). In the last 24 hours, trading volume is 3.3 billion U, a classic distribution-with-range trading rhythm. Don’t rush to bottom-fish—wait until BTC stops falling and let the ZEC volume and price move together before taking action.
Personal screen notes: I’m bearish but I won’t short; I’ll wait for the right moment to go long in line with the trend.
