The ZEC shorts—did the sky fall when they woke up? It directly exploded upward!

The whole network is celebrating: ZEC surged, and in 24 hours, shorts worth 45 million USD got liquidated. The short-position ROI of top traders dropped straight to -600%—and it was just $1 away from liquidation? Everyone’s shouting, “The shorts are wiped out, and the bull market is here.”
But I have to tell the truth: the shorts have been cleaned out, and that’s precisely the end point of this price-pump to lure longs, and also the starting point for shorting.
● The force behind the squeeze is already used up—it can’t rise anymore. To put it plainly, this violent surge is basically pushed up by liquidating short positions. Now, most of the shorts that can still hold on in the market have been largely wiped out. The bulls don’t have any “leeks” left to harvest. If they want to pull the market up again, they can only rely on new capital to step in. But the good news for Foundry mining pool has been overhyped for a long time—there’s no new information that can prop up this high price. The drive for the rally has already been cut off.
● Those bearish factors have always been there; they were just covered up by emotions. Compute power is too concentrated; institutional mining costs are low and can dump at any time; there’s hardly anyone using the chain; the core team has basically gone silent; and the regulatory risk for privacy coins is still hanging overhead… Not a single one of these problems has been solved—it's just that the frenzy of liquidations has suppressed them. Once the emotional tide recedes, all these bearish factors will resurface again. This current high level is basically an entry ticket for the shorts.
● The bulls are all sitting on floating profits right now, and they could start fighting each other at any moment. Bull positions are packed so tightly that it’s almost everyone making big money. As soon as the price pulls back a little, these profit-taking positions will crash out like a tide—then, they’ll turn around and bury the bulls themselves. Whoever rushes in now to buy the dip is just the bagholder for those who are shorting at the high end.$ZEC ‌#比特币站稳8万关口 #Gate广场五月交易分享