#数字资产市场洞察 $ZEC trend hides mysteries, short positions ratio has surged to nearly 80%

Recently captured an interesting market phenomenon with ZEC:

Data from a leading exchange shows that 79.9% of traders are in short positions, indicating a rare consistency in bearish market sentiment. However, the contrast lies in the fact that the liquidation volume of shorts in the past 24 hours is actually 4.6 times that of longs—continuously, short sellers are being washed out.

In contrast, large amounts of capital are gradually entering the market. On-chain monitoring tools frequently indicate signs of "abnormally active" whales.

What does this want to convey? When market participants are highly unified on the same side, it is precisely a warning of potential change. The main force may be quietly establishing long positions by taking advantage of the market's pessimistic consensus.

The simple logic is: extremely crowded short positions in the market often lack follow-through momentum. Once the bulls initiate, the shorts become the best "fuel."

From a technical perspective, the first target to watch is 450, and if it breaks through, it is expected to extend to 475. Once the moment to start arrives, the strength of the reversal may exceed expectations.

The core still lies in this statement: only look at probabilities, do not rely on luck. Continuously tracking changes in market structure is never wrong for traders.