ZEC Bull-Bear Tug-of-War: Short sellers are on average trapped at 450, liquidations happen in the blink of an eye

Brother Wan's view: ZEC retests and consolidates before continuing higher, with a medium-term target of 480-500 range

Main force's hand revealed, bullish positions dominate with crushing momentum
The long-short ratio reaches 173%, with longs holding 65 million and shorts 37.5 million. The average short cost is 449.96, current price is 447.7—70% of shorts are trapped. A pullback above 450 triggers chain liquidations, making shorts the fuel for the upward move.

Clear liquidation map
Above 448, short positions are piled up like mountains, each breakthrough by one unit triggers a round of forced liquidations. The longer the sideways movement, the tighter the spring is compressed.

Dual-driven news sentiment
The Orchard vulnerability cloud has cleared, Ironwood upgrade scheduled for late July. From a deep V rebound at 250 to the 470 platform, volume at the bottom confirms capital absorption. Negative news is exhausted, and the expectation gap game has just begun.

Brother Wan's trading advice
Try long positions lightly at 448-450.
Based on:
① Short cost concentration zone is also the liquidation trigger zone;
② Negative fee rate stacking, holding long positions yields additional gains;
③ Once the 450 level is broken through physically, #沃什首秀美联储利率不变 the upside space opens.