$ZEC This wave is kind of interesting: prices rose nearly 12% in a single day, yet across the whole market there are still about 60% of accounts shorting.
The Ironwood upgrade has already been rolled out, and the privacy-pool migration is still ongoing. The theme wasn’t suddenly “invented” today; open interest also increased by about 4%, suggesting both long and short sides are still adding positions rather than this being a one-off spike that’s already done.
I’ll treat 550 as the emotional dividing line. If it holds, 581—600 will inevitably need to be tested again; if you squeeze through, you might even reach 620—650. If it falls back below 535, even the favorite won’t step in to plead its case first.
The more people don’t believe in the rally,
the more likely it is to move in a way that leaves people feeling uncomfortable.
The Ironwood upgrade has already been rolled out, and the privacy-pool migration is still ongoing. The theme wasn’t suddenly “invented” today; open interest also increased by about 4%, suggesting both long and short sides are still adding positions rather than this being a one-off spike that’s already done.
I’ll treat 550 as the emotional dividing line. If it holds, 581—600 will inevitably need to be tested again; if you squeeze through, you might even reach 620—650. If it falls back below 535, even the favorite won’t step in to plead its case first.
The more people don’t believe in the rally,
the more likely it is to move in a way that leaves people feeling uncomfortable.