The short sellers of ZEC, did the sky fall when they woke up? It shot up explosively!

The entire network is celebrating wildly, ZEC surged, and 45 million USD worth of short positions were liquidated in 24 hours.
Top traders' short-term gains directly hit -600%, just one dollar away from liquidation? Everyone is shouting "The shorts are wiped out, the bull market is here."
But I have to say: the fact that shorts are cleared out precisely marks the end of this pump-and-dump scheme and the beginning of a shorting opportunity.
● The short squeeze momentum has been exhausted, it can’t go up anymore. This rapid surge, frankly, was driven by liquidating short positions to force the price higher.
Now, most of the shorts that could withstand the pressure have been wiped out, and there are no more "chives" for the bulls to harvest. To push the price higher again, they can only rely on new funds to take over.
But the good news for Foundry mining pools has long been overhyped; there’s no new information to sustain this high price, and the upward momentum has already dried up.
● The negative factors have always been there, just overshadowed by market sentiment.
Power concentration, low-cost institutional mining risks causing sudden dumps, few users on-chain, the core team hiding, regulatory risks for privacy coins still hanging overhead…
None of these issues have been resolved; they’ve just been suppressed by the frenzy of liquidation.
When sentiment recedes, all these negative factors will resurface.
The current high levels are just tickets for shorts to enter.
● Long positions are now all floating profits, and it’s possible that traders might turn on each other at any moment.
Long positions are squeezed tightly, almost everyone is making big money.
As soon as the price dips slightly, these profit-taking orders will flood out like a tide, and then turn around to bury the longs themselves.
Those rushing in to buy the dip now are just the bagholders for those shorting at high levels. $ZEC ‌#比特币站稳8万关口 #Gate广场五月交易分享