If you still go long on $ZEC after reading this article! Then Old Pig can't stop you! You stubborn mule!
The biggest short is hedging, and it has already closed the position and exited! And they haven't lost money! They have hundreds of thousands of spot hedges! The average price is over 400! And they have almost sold out!
Now this large short counterparty has completely exited the market, and the biggest long opponent in the game has disappeared.
Without the explosive liquidity from massive short liquidations, even if the price continues to rise, the upside will be very limited. Additionally, the NU7 upgrade expectations have already been priced in by the market, with high funding rates and crowded leverage on exchanges. Once sentiment cools down, volatility will be sharply amplified by leverage.
Without short squeeze to drive the market, the main upward phase of this ZEC rally is basically over, and what remains is a tail-end rally with risks far outweighing rewards!
Combined with Bitcoin's multiple failed attempts to break 82000, if a pullback occurs! $ZEC will definitely experience consecutive sharp drops! #ZEC巨鲸3.8万枚空单平仓，亏损超3500万美元
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