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.

ZEC-2,46%

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SilentAlpha

· 21h ago

The shorts are desperately dumping, but still losing 4.5 million. You really need to have more confidence in ZEC. I'm just watching whether the bulls can hold up; the 527 level is too critical. It's leverage against leverage again. It feels like whoever gets liquidated first loses. Breaking 550 and then jumping back down—this rhythm is really torturous. The shorts are already floating with such a big loss, and they still won't settle—how tough must they be? Actually, the short position of $163 million is a bit scary. The floating profit of 6.53 million for the longs is real; it all depends on whether they can hold it. If 527 can't be broken, it's really dangerous. The shorts are adding positions to bet on a top, but these data points show the bulls are confident. 600? Just thinking about it is ridiculous. Let's first hold the 550 level.

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DataOnlooker

· 12-30 04:27

Shorts are losing badly but still adding positions. Is this the final madness before bankruptcy? --- If 527 can't hold, I give up. The bulls need to push through 600 this time. --- Still holding on with a $4.5 million unrealized loss? As a short, I would have given up long ago. --- A whale doubling down with 3x leverage dares to challenge. Their courage is truly remarkable. --- Isn't this just a game of who surrenders first? Let's see who has the stronger psychological resilience. --- The more shorts lose, the more they add. It's a typical "I don't believe in evil" mentality. Eight out of ten will likely get liquidated in the end. --- The key is whether it can break 550. If it does, head straight to 600; otherwise, continue to be hammered. --- On-chain battles are so intense that retail investors have no chance. Being caught in the middle just means being harvested. --- The bulls can still withstand a $6.53 million unrealized profit, indicating they are truly optimistic about ZEC's future trend. --- If the shorts don't push down from the 520 level, then it's over.

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MidnightTrader

· 12-30 01:24

Shorts are losing 4.5 million but still holding on, how strong is this obsession, it feels like it's about to explode. In this ZEC rhythm, if 527 doesn't hold, it will have to look at 500. Whales are adding 3x leverage aggressively, betting quite fiercely, but playing with leverage at this time is indeed a bit刺激. The bullish and bearish split is so intense, whoever collapses first loses, it all depends on who has a stronger mentality. Repeatedly testing around 527, it feels like waiting for a big bearish or bullish candle to make a decision. Shorts are floating with such a big unrealized loss and still not cutting, it's really crazy, either have strong faith or be forced to hold on stubbornly. The imagination of 550 to 600 is good, but the premise is to first hold 527, currently looking precarious.

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TokenCreatorOP

· 12-29 10:00

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

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AlwaysQuestioning

· 12-29 09:59

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.

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MetaverseMigrant

· 12-29 09:54

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

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LootboxPhobia

· 12-29 09:30

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.

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