$ZEC is a perfect example of why I watch positioning more than headlines.
After the security vulnerability news, price dumped over 40%, and most traders rushed to short expecting a move toward $100.
Since then, more than $40M in shorts have been liquidated. 🔥
Current positioning remains heavily one-sided:
• Shorts: $120M
• Longs: $50M
When everyone crowds into the same trade, the market often moves against them.
Bad news creates fear.
Fear creates positioning.
And positioning moves the market. 😎
After the security vulnerability news, price dumped over 40%, and most traders rushed to short expecting a move toward $100.
Since then, more than $40M in shorts have been liquidated. 🔥
Current positioning remains heavily one-sided:
• Shorts: $120M
• Longs: $50M
When everyone crowds into the same trade, the market often moves against them.
Bad news creates fear.
Fear creates positioning.
And positioning moves the market. 😎