ZEC is getting interesting here. The price is down 0.76% over 15m—not much on the surface, but volume has surged to 1.94x, the active trade delta is -28.2%, and the buy/sell ratio is just 0.56—sellers are aggressively pushing it down.
What’s more worth watching is OI: the price is falling while OI is rising, up 0.53% over 1h. That’s not longs closing; someone is shorting, with new leveraged shorts moving in. OI’s anomaly percentile is also up to 82.1%, ranking 23rd across the entire pool, while its notional change ranks 3rd.
The close has just broken below the lower end of the last 20 or so 5m candles. If this structure continues, it could easily accelerate. 24h trading volume is 2300M—the pool is deep, so this isn’t just a minor move.
I’m staying out for now. I’ll wait and see after it shakes out these leveraged shorts. $ZEC
What’s more worth watching is OI: the price is falling while OI is rising, up 0.53% over 1h. That’s not longs closing; someone is shorting, with new leveraged shorts moving in. OI’s anomaly percentile is also up to 82.1%, ranking 23rd across the entire pool, while its notional change ranks 3rd.
The close has just broken below the lower end of the last 20 or so 5m candles. If this structure continues, it could easily accelerate. 24h trading volume is 2300M—the pool is deep, so this isn’t just a minor move.
I’m staying out for now. I’ll wait and see after it shakes out these leveraged shorts. $ZEC