Did anyone buy the dip during last night's ZEC panic? After being in the crypto space for a long time, you will understand one principle — the main players always create various pretenses, using true or false information to execute their accumulation plans. The resignation controversy of the Zcash development team is a typical example.

In fact, even before the negative news broke out, ZEC's market was already showing signs of decline. I was monitoring the market at the time and could sense the abnormal movements, but the long positions were not withdrawn in time until the contract stop-loss was executed as planned. Afterward, I carefully studied the network of relationships between the Zcash development team, the board of directors, and the foundation, and only then realized — this is not a negative factor that changes the fundamentals, just a tactic.

The rebound after the sharp decline clearly shows that the main players opened their pockets, eating up all the chips they had cut at the bottom. Fortunately, the response was still timely; the average price around 400 was reinforced with another round of spot buying, even heavier than before. True manipulation has never relied on a single piece of news to determine the outcome, but on information asymmetry and emotional fluctuations to transfer wealth.