$ZEC Today trading volume is $389 million, but it only fell 9%—that’s not normal.
Under normal circumstances, when it drops 9%, the coin’s trading volume should shrink. But ZEC’s volume is more than 10 times its usual level. What does that mean? The shorts are疯狂ly smashing the market, but someone is taking the orders.
The contract data is even stranger: the long/short ratio is 0.68, and the annualized funding rate is 10.04%. Shorts have absolute advantage—every day they have to pay a 10% position cost to the longs. This high funding rate means shorts are betting that the price will keep falling; but if the price doesn’t drop, shorts will be crushed by the cost.
Right now, ZEC is priced at $1,443. If the shorts start closing their positions (buy to close), it could trigger a short squeeze. But if spot buying can’t hold up, the shorts will win.
In short: ZEC is now a battleground between longs and shorts. The $389 million volume shows both sides are going all-in. The 10.04% funding rate is the shorts’ cost line—watch this level closely. If the price doesn’t fall, shorts can’t hold; if it breaks below 1,400, longs are finished.
Under normal circumstances, when it drops 9%, the coin’s trading volume should shrink. But ZEC’s volume is more than 10 times its usual level. What does that mean? The shorts are疯狂ly smashing the market, but someone is taking the orders.
The contract data is even stranger: the long/short ratio is 0.68, and the annualized funding rate is 10.04%. Shorts have absolute advantage—every day they have to pay a 10% position cost to the longs. This high funding rate means shorts are betting that the price will keep falling; but if the price doesn’t drop, shorts will be crushed by the cost.
Right now, ZEC is priced at $1,443. If the shorts start closing their positions (buy to close), it could trigger a short squeeze. But if spot buying can’t hold up, the shorts will win.
In short: ZEC is now a battleground between longs and shorts. The $389 million volume shows both sides are going all-in. The 10.04% funding rate is the shorts’ cost line—watch this level closely. If the price doesn’t fall, shorts can’t hold; if it breaks below 1,400, longs are finished.
