Brothers! Last night $ZEC the group exploded—The 'Short Whale' on Hyperliquid that held for 20 days, couldn't hold on anymore! 8 million short positions were cut without hesitation, with a floating loss of 14 million still holding on! But what's even more exciting is: brothers who bought the dip at 590 this morning are now stuck at 650 and can't sell... Is this a rebound starting point or a continuation of the downtrend? As an old hand tracking ZEC for three months, Fuqi today thoroughly analyzed the technical and news aspects to point retail investors in the right direction!
1. News aspect: 8 million short positions closing, is it a 'market rescue' or 'baiting the bulls'?