$ZEC feels sketchy right now đ
Price is bleeding lower highs off the top, but funding's been positive the whole way down. That means longs are paying shorts to stay in while momentum dies â classic distribution.
Open interest is still fat. If we get another leg down, these overleveraged longs are toast.
This imbalance can't hold forever. The longer funding stays positive while price drops, the more violent the flush when it breaks.
How much more pain can these longs take before capitulation?
If you're long, tighten stops. If you're watching, wait for the puke â that's your entry.
Price is bleeding lower highs off the top, but funding's been positive the whole way down. That means longs are paying shorts to stay in while momentum dies â classic distribution.
Open interest is still fat. If we get another leg down, these overleveraged longs are toast.
This imbalance can't hold forever. The longer funding stays positive while price drops, the more violent the flush when it breaks.
How much more pain can these longs take before capitulation?
If you're long, tighten stops. If you're watching, wait for the puke â that's your entry.