$ZEC almost $1600! Every candle above $1300 is burning shorts alive š„
Bears getting crushed: Largest on-chain short by Garrett Jin ā 37K shorts, $26M+ floating loss, liq at $2631.
Narrative is insane:
- NU7 testnet + mainnet launch confirmed
- Privacy upgrade + halving
- Grayscale ZCSH +$340M weekly, institutions FOMOing
- Low float + short squeeze = 90% shorts turned into fuel
Remember retail who shorted at $909 and got -190%?
BUT macro is fragile ā ļø
- Fed Oct hike odds >55%
- US yields hig
Bears getting crushed: Largest on-chain short by Garrett Jin ā 37K shorts, $26M+ floating loss, liq at $2631.
Narrative is insane:
- NU7 testnet + mainnet launch confirmed
- Privacy upgrade + halving
- Grayscale ZCSH +$340M weekly, institutions FOMOing
- Low float + short squeeze = 90% shorts turned into fuel
Remember retail who shorted at $909 and got -190%?
BUT macro is fragile ā ļø
- Fed Oct hike odds >55%
- US yields hig