2025-12-29 09:30:05

ZEC's performance today is exceptionally fierce. After breaking through the key resistance level of $550, the price experienced a rapid plunge of $25, quickly falling to $520. Currently, it is oscillating around $527, with bulls and bears engaged in intense battle.

On-chain data is even more astonishing. The latest monitoring shows that a large short-selling institution has been continuously shorting ZEC since October, increasing their position as losses grow. Currently, this short position has an unrealized loss of over $4.5 million, with a short holding scale reaching $163 million (average price $417), with no signs of closing the position, but instead continuing to add to it. This signal is very clear: the bears are confident that the market has topped out and are prepared to hold on to the end.

Meanwhile, the bulls are not showing weakness. A whale address has significantly increased its leverage long position by 3 times near $520, with the current long position reaching $32.2 million, and unrealized profits of $6.53 million. This indicates that large funds remain bullish on ZEC's future.

The contest between the two forces has escalated into a final showdown of conviction and capital scale. Although the bulls are enjoying substantial unrealized gains, they face profit-taking pressure; the bears are in alarming unrealized losses and are likely forced to increase their selling pressure to lower their costs. This on-chain battle is becoming the strongest indicator for short-term direction of ZEC.

The upcoming market trend is critical: if the bulls can hold above $527 and continue to break upward, $550 will once again become a challenge, and even reach $600. Conversely, if the bears launch a counterattack, ZEC is likely to fall below $500.

ZEC2,95%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
4
Repost
Share

Comment

0/400

TokenCreatorOP

· 12h ago

This short position still has a floating loss of 4.5 million and is holding on desperately. People must be crazy haha --- Holding firm at 527 is the key to success; otherwise, it's really over --- Whale tripled at 520? This guy has bet everything --- The final madness of the short position, the next second could be the fireworks of the bulls --- Always like this, losing more and adding more positions. This move is incredible --- If 527 can't be held, then look at 500. Simple and straightforward --- With a floating profit of 6.53 million in hand, the bulls should be waking up laughing now

View OriginalReply0

AlwaysQuestioning

· 12h ago

Shorts losing 4.5 million and still holding on? How deep does this obsession go? --- Wait, longs with a floating profit of 6.53 million won't exit? How strong is this mental resilience? --- Is the 527 line really a life-and-death line? It feels like someone always mentions this. --- 1.63 billion in short positions... this guy really considers ZEC his sworn enemy. --- Over 6.5 million in floating profit and not taking profits, just waiting for liquidation, huh? --- Whoever can't hold out first between these two sides loses. --- Breaking through 550 and then dropping 25 points? This volatility is insane. --- On-chain showdown? It's just about who has more money. --- 520 long positions with 3x leverage—are they gamblers or gambling gods? --- If ZEC truly breaks 500 this time, the shorts will be laughing all the way to the bank.

View OriginalReply0

MetaverseMigrant

· 12h ago

Shorts losing 4.5 million and still holding on tight, how much conviction does that take, haha --- If the 527 level can't hold, then we're ready to watch the drama below 500 --- Whales dare to add positions with 3x leverage, indicating that someone is confident ZEC will rise, but this bet is also too big --- Both sides are fighting desperately, it feels like this ZEC rally has just begun --- Shorts are adding to their positions as losses grow? That logic is incredible, just betting on a market reversal --- After breaking 550 and then dropping another 25 dollars, it looks so fierce—whether it's a trap or a fake drop --- Longs have an unrealized profit of 6.5 million, and at this point, it's easiest to get caught, definitely debating whether to take profits --- Basically, it's a gamble to see who backs down first, who has more solid funds --- The 600 target feels a bit uncertain; let's first hold the 550 level --- With on-chain data like this, it feels like ZEC is about to stir up trouble

View OriginalReply0

LootboxPhobia

· 12h ago

Shorts losing 4.5 million and still holding on? How tough must their nerves be? I bet this time the longs will get liquidated. --- If this line at 527 can't hold, it's over. Feels like it's going to drop below 500. --- Whales adding three times at 520? Is this guy really ruthless or just bad? Let's wait and see if he's trapped. --- Both sides are throwing billions to the death. That's the real gamble. --- Basically, it's a contest of who can take more punishment. Shorts are bleeding but still not closing their positions. That obsession is incredible. --- Breaking 550 and then bouncing back. I'm just wondering if this back-and-forth is meant to wipe out retail investors. --- Holding a position of 32.2 million with an unrealized profit of 6.53 million but can't push above 550. It's a bit hard to move. --- Shorts are holding on tight, longs are fighting hard, ZEC has become a battlefield of leverage, and retail investors in the middle are just cannon fodder. --- These institutions are really crazy. Losing so much and still want to continue? Fine, I'll just watch who surrenders first. --- Holding 527 and rising to 600? Feels like this big pancake is a bit shaky.

View OriginalReply0