ZEC’s shorts—did the sky fall the moment you woke up? It went straight to the moon on leverage!

Everyone’s going wild across the whole internet: ZEC is ripping up, and $45 million worth of short positions got liquidated in 24 hours. Top traders’ short profit rates directly smashed to -600%—and it was just $1 away from liquidation? Everyone’s shouting, “The shorts are wiped out, and a bull market is here!”
But let me tell the truth: the shorts got cleared out—this wave of “pump” is precisely the end point of the lure, and also the starting point for shorting.
● The squeeze power has already burned out; it can’t move up anymore. This round of explosive surge, plain and simple, is just being pushed up by forcing the liquidation of short positions. Right now, the shorts that can hold on in the market have basically been wiped clean. The bulls don’t have any “chives” left to harvest. If they want to pull the market higher again, they can only rely on new funds to take over as bagholders. But the good news about Foundry mining pools has long since been overhyped to the point of being stale—there’s no new information that can prop up this high price anymore. The momentum for the rally has already been cut off.
● Those bearish factors were always there; they were just being covered up by emotions. Computing power is too concentrated, institutional mining costs are low and could dump at any time, there’s basically nobody using on-chain, the core team has gone silent, and the regulatory risk for privacy coins is still hanging over everyone’s heads… Not a single one of these issues has been resolved. It’s only that the celebration of liquidations has been pressing them down. Once the mood turns and the tide goes out, all these bearish factors will pop back up again—this high-level price now is basically an entry ticket handed to the shorts.
● The bulls are all sitting on floating profits right now, and they could turn on their own at any moment. Bull positions are packed so tightly that it’s basically everyone making big money. As soon as the price dips just a little, these profit-taking orders will crash out like a flood tide—turning around and burying the longs themselves. Anyone rushing in to buy and take over the bags at this high level is just the bagholder for the people shorting at the top. $ZEC ‌#比特币站稳8万关口 #Gate广场五月交易分享