$ZEC ZEC Surges 10% Breaking Through $238: Unveiling the Battle Behind 1.35x Main Force Support and 1.99 Million Shorts

ZEC strongly breaks through the $238 resistance level, and the long-term trend (479% increase over 180 days) officially restarts. Through an in-depth analysis of the entire network’s liquidation data and whale holdings, we dissect the core logic behind this rally:
1. Violent Short Squeeze Power: In the past 24 hours, short positions worth $1.99 million were liquidated, five times the size of long liquidations. The main force exploits the top-tick psychology of shorts above $230 by continuously pushing prices higher to trigger system liquidations, creating the purest upward driving force.
2. Divergence in Capital Support: Retail traders are extremely net short with a long-short ratio of 0.75, while top traders maintain a heavy position with a ratio of 1.35. This “main force holding heavy positions while retail traders miss the boat and short” situation indicates there is still significant room for the main upward wave.
3. Massive Turnover Support: The entire network saw 1 billion contracts traded in a single day plus 129 million spot transactions. Binance led with nearly 500 million in turnover, demonstrating that the turnover above $230 is extremely sufficient and provides strong support.
Practical Trading Guide: No Short Selling Allowed: The 0.75 long-short ratio indicates shorts are extremely crowded; do not oppose the main force’s 1.35x momentum.
Position Building Path: Since the long-term trend has been confirmed, it is recommended to buy some spot holdings at the current price and place orders in the $230-$235 range to accumulate.
Target Reference: Holding onto your coins until top traders’ holdings ratio does not fall below 1.0 and retail sentiment is not extremely bullish yields the highest returns. Data penetration reveals the essence, and strategy determines the outcome. The return of ZEC, the king of privacy coins, has just begun.
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