Privacy concept coin callback $ZEC leads the decline, can it be a bottom-fishing opportunity?
No, this is not bottom-fishing; it's the prelude to the harvest by the market makers!
The privacy coin sector has recently seen a significant correction, with ZEC leading the decline, dropping over 10% within 24 hours and short-term liquidation amount exceeding 17 million USD.
Some large whales have been liquidated, and market selling pressure is significant. DASH and STRK have fallen in sync, and OKX's resumption of DASH trading failed to reverse the downward trend.
The ZEC contract market is fiercely contested, with the funding rate positive but not significantly advantageous. Short-term funds are active, but overall holdings have slightly retreated.
Community sentiment is polarized; some investors are optimistic about bottom-fishing, believing it has a high cost-performance ratio, while others question ZEC's fundamentals. The market is filled with cautious observation and short-term speculative atmosphere.
ZEC's wave structure shows significant divergence, with some views indicating high-level distribution risks. The key range level is 425; if it breaks down, it may signal a peak and turn bearish. Short-term high-leverage contract operations are not recommended, suitable for a conservative wave style.
Its recent trend resembles a condensed version of the past two years, with new market makers controlling financial resources and old holders with large amounts of chips; one side sells heavily when the price rises, and the other side blocks losses when it falls.
When it rises, it weakens crazily; when it breaks down, it becomes extremely firm. Both bulls and bears are giving away money, with dirty things involved.
Previously, ZEC called for short positions around 465, and it has continued to profit.
The next godly order will only bring true fans who genuinely want to turn their fortunes around.
