$ZEC Everyone keeps saying to short it—don't dismiss it!
The key reasons to short: 1. Valuation concerns are mounting: Samson Mow questions Zcash's lofty valuation, saying it lacks the speculative capital to support a market cap of over $22 billion and warning of a reversion to the mean.
2. Institutional outflows: The Grayscale Zcash Fund saw its first net outflow this week, totaling $93 million, as institutions take profits in stages.
3. Diverging flows: The broader market's Greed Index is at 64, yet ZEC is seeing outflows and weakening independently.
4. Bears are in control: Around 160,000 ZEC in short positions above 1498 are awaiting liquidation, compared with just 84,000 ZEC in long positions.
Want to know where ZEC is headed tonight? See you in the chat room! #以太坊升破2500美元
The key reasons to short: 1. Valuation concerns are mounting: Samson Mow questions Zcash's lofty valuation, saying it lacks the speculative capital to support a market cap of over $22 billion and warning of a reversion to the mean.
2. Institutional outflows: The Grayscale Zcash Fund saw its first net outflow this week, totaling $93 million, as institutions take profits in stages.
3. Diverging flows: The broader market's Greed Index is at 64, yet ZEC is seeing outflows and weakening independently.
4. Bears are in control: Around 160,000 ZEC in short positions above 1498 are awaiting liquidation, compared with just 84,000 ZEC in long positions.
Want to know where ZEC is headed tonight? See you in the chat room! #以太坊升破2500美元