ZEC Bloodbath for Shorts! 120k chips evaporate instantly, smart money grabs 30 million, 470 becomes the critical life or death line for the bulls?

“When the market falls into a deep despair, it is often the best time for smart money to start picking up the dead bodies.”

ZEC forms a textbook “W bottom” breakout on the one-hour chart, with high volume and a long bullish candle breaking through the neckline, moving averages are in a perfect bullish alignment, and the rebound momentum is strong.

On the liquidation map, above 467 is truly a “shorts’ graveyard,” with over 120k shorts cruelly squeezed out. Smart money data shows net buy-in of 38 million, with a floating profit of 3.21 million USD, while S side is deeply trapped with 19 million USD. Coupled with Zcash audit implementation and ETF expectations, the bearish sentiment is exhausted, triggering a short squeeze rally.

Trading Strategy
Bullish around 470 - 475, target near 485 - 490;
Bearish around 480 - 485

Personal opinion: Short-term short squeeze momentum is not exhausted, but overhead trapped positions and profit-taking pressure are increasing. Avoid heavy chasing in the frenzy, strictly $ZEC adhere to stop-loss.