ZEC accounts are only about 43% long—a rare case of shorts outnumbering longs—yet funding is still slightly positive, meaning longs are still paying rent. Market-wide OI is down about 7% over the past day.
Shorts outnumbering longs ≠ a short-squeeze window is open. This looks more like the narrative losing steam as positions rotate. Don’t mistake a deep sell-off for “time to pile into shorts.”
Do you think shorts are in control of ZEC right now, or have the longs already made their exit?
$ZEC $ETH $SOL
Shorts outnumbering longs ≠ a short-squeeze window is open. This looks more like the narrative losing steam as positions rotate. Don’t mistake a deep sell-off for “time to pile into shorts.”
Do you think shorts are in control of ZEC right now, or have the longs already made their exit?
$ZEC $ETH $SOL