$ZEC
In the past few days, I observed Binance Square and the whales, and found that many people have been trapped by ZEC's short positions!
Even so, the short sellers keep entering, showing a stubborn attitude!
The most typical example is the head of the first short seller, whose originally profitable position has turned into a loss!
Although when it dropped to over 300, I took profits and reduced my position a bit, most of the holdings remain,
the whales have ample margin, with the liquidation point at 1057U, currently considered safe!
However, I feel that the market makers will not drastically push it up or down next!
They just need to maintain a sideways trend here, collecting funding fees daily!
Although the funding fee is collected only every eight hours, the position size is very large!
The amount received is still quite considerable!
They can also use the received funding fees to slowly push the price up, gradually exhausting the short sellers!
So it's not that we can't short, but rather that we should take profits and leave, don't be attached, cash in hand is what matters!
