🐋 On-chain Alert: ZEC Bullish Whales Are Accelerating Liquidation and Retreat!

In the past two hours, on-chain data shows that ZEC whales have taken profits on long positions totaling nearly $15 million, including a clear "sell to close long" operation amounting to $10.8005 million.

First, let's look at the current overall position structure (left for total, middle for longs, right for shorts):

· Total Position: $188 million
└ Longs $78.25M | Shorts $110 million
👉 Short position size has clearly surpassed longs
· Total Margin: $30.88M
└ Long margin $13.1794 million | Short margin $17.6996 million
· Total Profit and Loss: -$6.6278 million (floating loss)
└ Long P&L +$13.4019 million | Short P&L -$20.0296 million
· Total Funding Fee: -$46k
└ Longs paid $354.5k | Shorts received $308.5k

📌 Key Signal Analysis

1. The longs are clearly profitable (+$13.4 million), yet whales are actively closing longs for profit — this is not passive loss-cutting, but active exit.
2. The current short position (110 million) has already overtaken the long (46k), indicating market main players are switching direction.
3. The funding fee structure is also biased bearish: longs are paying continuously, shorts are earning interest.

Combined with whales’ nearly $15 million short-term profit-taking in the past two hours, bullish sentiment is rapidly dissipating.

📌 Recommendations

· For traders holding long positions: consider following whales to take partial profits, don’t hold on stubbornly
· For those wanting to chase shorts: wait until key support levels are broken before acting, current short positions are crowded
· Ordinary users: pause high leverage trading, wait for clearer data

On-chain data doesn’t lie. Whales are closing positions; retail traders should not fight against it.

$ZEC