$ZEC update: 680 short whales now, a record for this run. 166 of them opened in the last day, while price was going up.
The $10.7M liquidation cluster at ~$1,364 from the last update got swept. Short whales are now $7.6M in loss, avg entry $1,261.
Levels to watch:
- Support: a $5.6M bid wall at ~$1,295, 1.2% below price
- Above: $8.0M in liquidations at ~$1,450
- Below: $6.4M at ~$1,198
As long as the $1,295 wall holds, the record short size stays underwater.
The $10.7M liquidation cluster at ~$1,364 from the last update got swept. Short whales are now $7.6M in loss, avg entry $1,261.
Levels to watch:
- Support: a $5.6M bid wall at ~$1,295, 1.2% below price
- Above: $8.0M in liquidations at ~$1,450
- Below: $6.4M at ~$1,198
As long as the $1,295 wall holds, the record short size stays underwater.
