ZEC, Jing Yi predicted the beginning but didn't guess the ending! Last night, I wrote an article about ZEC short-selling strategies, and I never expected it to plummet to the point of questioning life. Data across the internet shows that ZEC contracts were liquidated for $107 million in 24 hours, with long positions totaling $76.59 million, and open interest dropped by over 38%—a large number of longs have been "cleansed."

The core cause of this round of sharp decline

Emergency fix from June 1 to 2: The Zcash Foundation discovered a "health" vulnerability in the Orchard shielded pool circuit, allowing attackers to generate theoretically "unlimited" fake ZEC. An emergency soft fork temporarily halted shielded transactions on the network.

Vulnerability publicly disclosed on June 5: The project's technical team adopted a "fix first, report later" strategy, fully revealing the vulnerability details on the same day, causing ZEC to plunge about 35% within 24 hours.

The key hidden danger has not been eliminated: Although the team has completed the fix, the official admits that—currently—it is impossible to cryptographically prove that the vulnerability has never been exploited.

Next important resistance level to watch: 400 is generally seen as the short-term bullish/bearish dividing line, while around 489 is an important previous market recovery threshold.

Key support level: 323 is widely regarded as the "last line of defense" and must be closely monitored. #分享美股交易赢英伟达股票