$ZEC ｜Last night, a giant whale bloodbath of 97 million! Privacy coins face a dark moment, should we buy the dip or flee?

Brothers, last night ZEC staged a thrilling double kill of longs and shorts! A giant whale's $97 million ZEC short position opened on Hyperliquid was liquidated 7 times in a row, ultimately resulting in a zero balance. Behind this high-leverage slaughter is a flash crash of over 24% in ZEC price (with a low of $490), leading to a bloodbath of $295 million across the network.

🔍 Review of the tragedy: The elegy of leverage

1️⃣ The whale precisely stepped on a landmine:

· This address is known for high leverage + narrow stop losses, having previously lost nearly $97 million on a single BTC short;

· This time, after ZEC rebounded to $680, it faced a series of liquidations, with peak unrealized gains of $2.4 million evaporating instantly.

2️⃣ Market chain reaction:

· ZEC's 24-hour trading volume plummeted by 6.1%, and liquidity shrank sharply;

· The privacy coin sector was dragged down, with total market capitalization shrinking by more than 10% in a single day.

📉 Behind the crash: Technical indicators have issued warnings

· Critical support lost: ZEC had repeatedly tested $672 (the lower boundary of the ascending channel) but triggered panic selling after breaking below;

· Target pointing to $281**: Analyst PlanD pointed out that if the bears continue to dominate, ZEC could drop to **$281 (a halving from the current price);

· Regulatory sword hanging high: The EU's countdown to new anti-money laundering regulations in 2027 puts privacy coins in a life-and-death compliance challenge.

⚔️ The deadlock of privacy coins: Narrative collapse or golden pit?

✅ Bullish faith support:

· Technical upgrades: The Halo 2 zero-knowledge proof system has removed trusted setup, with shielded pool usage increasing by 30% month-over-month;

· Institutional entry: A company under the Winklevoss brothers has launched a $50 million ZEC fund, betting on the long-term value of privacy tracks.

❌ Bearish killing with intent:

· Insufficient on-chain activity: ZEC's average daily transactions are only 15,000, with privacy feature usage < 10%;

· Network security weakness: The total network hash rate is only 12.48 GSol/s, and the cost of a 51% attack is only a few million dollars.

🎯 Trading strategy: Either wait and see or be very precise

· Short term: If the rebound is blocked at $612**, reduce positions for risk avoidance (next support **$536);

· Medium term: Maintain a light position before regulatory implementation, focusing on the impact of the ZEC halving event on supply and demand on November 28;

· Bottom-line thinking: Never use high leverage against highly volatile assets— the giant whale's $97 million is the tuition fee. $ETH $BTC #鲍威尔发言 #美SEC推动加密创新监管 #加密市场观察