Everything seems green this morning. Bitcoin holds at $92,500, Solana is exploding (+6%), and the market seems to want to head back towards the ATH. But digging into the On-Chain and Order Flow data on Coinglass, a major anomaly appears.

Don't let the green blind you. Here's what the charts are really telling us. 👇

⚠️ 1. The Alarm Signal: A Critical Divergence

This is the golden rule of trading: "Volume must confirm the trend."
However, this morning, we are witnessing a concerning bearish divergence:

  • Prices are rising 📈

  • 24h Volume collapses 📉: $ETH (-26%), $SOL (-23%), $BNB (-43%).

The analysis: This rise lacks "fuel". Buyers are running out of steam. A rise without volume is often a sign of a "Fakeout" followed by a quick correction. Beware of FOMO on the majors (BTC/ETH) at these levels.

💎 2. The Opportunity of the Day: The "Short Squeeze" on $ZEC

While the overall market is uncertain, an explosive technical setup is forming on Zcash ($ZEC).

Look at the data:

  • Price: Up by +8%.

  • Open Interest (OI): Explodes by +13% (money is coming in).

  • Funding Rate: NEGATIVE at -0.0356%.

What it means: A crowd of traders is shorting (betting down) on ZEC, but the price continues to rise. They are currently "trapped" and paying fees to buyers to keep their positions open.
🔥 Scenario: If they capitulate, they will have to buy back en masse, which could propel $ZEC vertically in a classic Short Squeeze.

📊 3. The Solana Case ($SOL)

$SOL shows impressive relative strength (+6.30%), leading the dance ahead of Ethereum. However, the funding rate is starting to heat up (0.0092%). It's an asset to watch, but beware of high leverage in case of a Bitcoin reversal.

🧠 My Strategy for the day:

  1. Caution on BTC/ETH: I am waiting for volume to return to confirm the rise. Without volume, I remain wary of a bull trap.

  2. ZEC Surveillance: I am looking for entries on pullbacks to play the potential Squeeze, as long as the Funding remains negative.

💬 And you? Are you more Team Caution or Team FOMO today? Let me know in the comments! 👇

#TradingSignals #Coinglass #BTC #ZEC #CryptoAnalysis

(Disclaimer: This is a technical analysis and not financial advice. Do your own research - DYOR)