Privacy coins are ripping, with the sell wall looming overhead.
$ZEC Binance 1252, up 8.6% on the day and 2.2% off the high.
HL positions: approx. 658 million / 406 million for the day, a ratio of 1.6; long-side funding is maxed out. OKX is around 0.0056%, not maxed out.
Sell orders across the top five levels are about 3.6 times buy orders.
Price is ripping, funding is maxed, and the wall is pressing down—a rally with funding costs, not a painless breakout.
#ZEC结构 #Privacy sector
$ZEC Binance 1252, up 8.6% on the day and 2.2% off the high.
HL positions: approx. 658 million / 406 million for the day, a ratio of 1.6; long-side funding is maxed out. OKX is around 0.0056%, not maxed out.
Sell orders across the top five levels are about 3.6 times buy orders.
Price is ripping, funding is maxed, and the wall is pressing down—a rally with funding costs, not a painless breakout.
#ZEC结构 #Privacy sector