ZEC is up about 6.5–7% on both exchanges, but liquidations over the past 4 hours totaled about 32,600 on the long side versus about 1.19 million on the short side—short liquidations were roughly 36.5 times larger. Shorts accounted for about 1.04 million in liquidations in just the past hour. Open interest in perpetual futures is about 2.32 billion, and long accounts make up about 52.7%.

Price comparison: ZEC is around 1229.53 on Binance (+6.876%) and 1230.09 on OKX (+6.937%). BTC is around 80725.7 on Binance (+0.725%) and 80726.1 on OKX (+0.751%).

Prices are racing higher, but the liquidation board is taking out shorts first—this looks more like short leverage getting caught out during a rally than longs being liquidated after being carried higher.

#ZEC #爆仓 #多空比 #PerpetualFutures

When it's up more than six percent and short liquidations have surged nearly 37-fold in four hours, is this the final stage of a short squeeze, or are short positions simply too concentrated?

View in real time: https://www.coinboss.com/currencies/ZEC