$ZEC In recent days, the market trend of ZEC has made the battle between retail investors and large funds particularly obvious. Retail investors, seeing the price rise, rush to short, selling off in rounds, resulting in their sell orders becoming the liquidity pool of the market, which is used to support the price to continue rising.

From the on-chain wallet perspective, the difference is particularly large. Retail investors (holding $0–1,000) are continuously dumping, thinking they can profit by shorting at a high point. However, medium-sized wallets ($1,000–$100,000) are persistently buying, doing so aggressively. The real power lies with those whale wallets ($100,000–$10,000,000), whose buying pressure is the strongest, absorbing retail investors' sell orders completely, to the point where the entire market's supply has almost been digested.

The initiative in the market has clearly shifted to the buying side, but retail investors are still fixated on shorting at local highs. What is the reality? The buying power is too strong, and it cannot be suppressed at all. Continuing to follow the trend and short this rise carries significant risk.