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$ZEC Not playing by the rules! The big whale long on ZEC is forcefully pushing for millions of dollars, just to wipe out the short sellers! The short squeeze battle at 650 is about to begin.
Brothers, three "wild whales" caught on the chain, all are tough characters. Aside from that, the scene with ZEC is truly unruly.
There’s a big short seller who opened a short position of over 1.5 million dollars, 10x full margin, entry price at $601. Originally wanted to dump the price, but what happened? Two long whales immediately flipped the table—
One took a long position of 660k dollars, 10x full margin, now with an unrealized profit of nearly 20k.
Even more outrageous is the third: a long position of over 20k dollars, 10x isolated margin, entry price at $597, now with an unrealized profit of 440k dollars, liquidation price at $565, completely fearless.
What does this mean? It’s a clear message from the longs: I want to push the price up until the shorts are forced to liquidate. Especially that millionaire-level isolated margin whale, not afraid of chain liquidations, purely targeting the shorts’ vital point.
Where is the short liquidation price? $717. The price at 650 has become a key battleground. Once it breaks through this level, shorts will have to queue up to jump off the roof. Currently, the longs hold the advantage in funding costs, collecting interest from shorts daily, while pushing the price up…
If the short sellers don’t unite in the next 24 hours, they’ll really be chewed to nothing.
Short brothers, hold on! Show your positions and courage, don’t let the longs be so arrogant, unity is strength!
Do you call this playing by the rules? No. But it’s just so ruthless.
In the next 24 hours, ZEC will either stay still or experience intense volatility. The long-short defense battle is officially on, whoever moves slowly will get hit.
Stay alert, don’t get caught up in the hype.
$ZEC