At 1 a.m., the whole market is watching a countdown to the liquidation of a short seller.
Garrett Jin’s short position of $ZEC is still holding up: the floating loss has rolled up to 33.83 million USD, with a liquidation price at 4,790. Another massive whale that had been holding for nearly half a month couldn’t last—its 24.43 million short was liquidated, and it exited with a loss of 10.68 million USD.
I know this script: from being ignored to squeezing shorts, it only takes one group of people to start counting the shorts’ liquidation prices. Around 1,550 there’s a $20 million liquidation wall; each tick higher thins the shorts’ margin by another layer.
Next door, $SOL is teaching the same lesson too: BSOL’s pledged ETF had $85 million in single-day trading, and the price was driven straight through 112. Money first runs toward the place with the leveraged narrative, and $BTC then holds steady at 81,000.
The most expensive thing for a short isn’t the loss—it’s time. Half a month of persistence finally turns into fuel for someone else’s parade. Watching the chart until now, the only rule I set for myself is this: before holding the position, ask one question—am I holding conviction, or am I holding face?
#加密观察 #合约交易 #FuturaKey #ZEC #SOL
Garrett Jin’s short position of $ZEC is still holding up: the floating loss has rolled up to 33.83 million USD, with a liquidation price at 4,790. Another massive whale that had been holding for nearly half a month couldn’t last—its 24.43 million short was liquidated, and it exited with a loss of 10.68 million USD.
I know this script: from being ignored to squeezing shorts, it only takes one group of people to start counting the shorts’ liquidation prices. Around 1,550 there’s a $20 million liquidation wall; each tick higher thins the shorts’ margin by another layer.
Next door, $SOL is teaching the same lesson too: BSOL’s pledged ETF had $85 million in single-day trading, and the price was driven straight through 112. Money first runs toward the place with the leveraged narrative, and $BTC then holds steady at 81,000.
The most expensive thing for a short isn’t the loss—it’s time. Half a month of persistence finally turns into fuel for someone else’s parade. Watching the chart until now, the only rule I set for myself is this: before holding the position, ask one question—am I holding conviction, or am I holding face?
#加密观察 #合约交易 #FuturaKey #ZEC #SOL
