$ZEC NU7 Upgrade Eve: Some are up 220 million, others are losing so much they get liquidated—retail investors, don’t pick the wrong side!
Every small “pin” before the NU7 upgrade is building energy for the next surge.
First, the news. The NU7 mainnet upgrade is scheduled to launch on November 5, with block time reduced from 75 seconds to 25 seconds. The testnet starts on October 6. This should be good news. But something went wrong in the ecosystem: the NFT project zkSNARKs was publicly questioned as a scam by on-chain analyst ZachXBT. It raised about $17 million but had no real use case. The floor price has already fallen to 0.5 ZEC, below the issuance price. This negative development became the knife in the hands of the bears.
Now look at the chart. On the 1-hour chart, ZEC dropped from 1595 to around 1466. MACD is crossing down with increasing volume, and capital keeps flowing out. Net outflow over the past 12 hours is 189 million. But the most dangerous signal is the “big whale.” The largest ZEC short, Garrett Jin, holds about 202,000 ZEC spot, with a cost of only $437—now up roughly $224 million. His $60 million short position has already lost $35 million and he was forced to liquidate, but he hasn’t sold a single spot coin.
The liquidation map shows 1550 as the biggest liquidation wall on-chain, piled with about $49 million. Liquidity at 1420 below hasn’t been swept yet.
White Tiger’s short-term trading advice: If going long, aggressive traders can enter at the current price, while conservative traders should wait for a pullback to 1440–1450 to enter. If shorting, wait for a rebound to 1550–1560 where it meets resistance, then enter.
Before the testnet launches on October 6, if you want to know the latest entry positions, join the chat room to find White Tiger.
#ZetaChain投票批准ZETA迁移至Solana #英伟达IPO前再购15亿美元SBEnergy股份
Every small “pin” before the NU7 upgrade is building energy for the next surge.
First, the news. The NU7 mainnet upgrade is scheduled to launch on November 5, with block time reduced from 75 seconds to 25 seconds. The testnet starts on October 6. This should be good news. But something went wrong in the ecosystem: the NFT project zkSNARKs was publicly questioned as a scam by on-chain analyst ZachXBT. It raised about $17 million but had no real use case. The floor price has already fallen to 0.5 ZEC, below the issuance price. This negative development became the knife in the hands of the bears.
Now look at the chart. On the 1-hour chart, ZEC dropped from 1595 to around 1466. MACD is crossing down with increasing volume, and capital keeps flowing out. Net outflow over the past 12 hours is 189 million. But the most dangerous signal is the “big whale.” The largest ZEC short, Garrett Jin, holds about 202,000 ZEC spot, with a cost of only $437—now up roughly $224 million. His $60 million short position has already lost $35 million and he was forced to liquidate, but he hasn’t sold a single spot coin.
The liquidation map shows 1550 as the biggest liquidation wall on-chain, piled with about $49 million. Liquidity at 1420 below hasn’t been swept yet.
White Tiger’s short-term trading advice: If going long, aggressive traders can enter at the current price, while conservative traders should wait for a pullback to 1440–1450 to enter. If shorting, wait for a rebound to 1550–1560 where it meets resistance, then enter.
Before the testnet launches on October 6, if you want to know the latest entry positions, join the chat room to find White Tiger.
#ZetaChain投票批准ZETA迁移至Solana #英伟达IPO前再购15亿美元SBEnergy股份
