Hello everyone, I am Zitan. Let's take a look at this aggressive operation with ZEC. A mysterious address without even a name just came in and threw out 1.23 million US dollars, using 2x leverage to short 5000 ZEC! Opening price is 400 dollars, and the liquidation price is right at 615.37 dollars. This isn't just bearish; it's like pointing at your nose and shouting: you can't go up! But the market has always been rebellious. Is this precise targeting or a suicidal trade? Don't worry, I've clarified both the news and technical aspects for you.

First, let's look at the news:

On-chain monitoring shows that this new address is playing aggressively right from the start, betting 1.23 million USDC to short ZEC, with a scale of 5000 coins. Opening price is 400 dollars, liquidation price is 615.37 dollars, meaning if the price rises above 615, this big player will face liquidation. Currently, there are still more than 400,000 US dollars in assets in the address, possibly continuing to pour money into the exchange to increase the bet. This is clearly a bet that ZEC will fall, but the liquidation price has become a key powder keg: if the price rebounds close to 615, shorts could collectively face liquidation, potentially triggering a short squeeze and surge.

Looking at the technical aspect:

Looking at the 4-hour candlestick chart, the price is now lingering around 405 dollars.

Significant pressure above: High pressure at 500 dollars, rebound pressure at 450 dollars, both are tough nuts to crack.

On the support side, the critical level of 405.70 is already on the brink, with the first support at 383 dollars and strong bottom support at 305.63 dollars.

Technical indicators are even scarier: The MACD yellow and white lines have long since broken below the 0 axis, with a clear death cross trend. Although the trading volume is stable, the price has entered the oversold zone.

Different players' operational suggestions:

  • Short-term aggressive players: You can short with light positions near the rebound pressure around 450, set the stop-loss at 460, and target the 383 support. Be quick with your fingers, and don't be greedy!

  • Long-term layout party: Be patient and wait for opportunities. If it drops near the support at the 305 bottom, place orders in batches to buy, aiming for a medium-term rebound. But remember, position management is key.

  • Novice: Don't mess around with this market! The fluctuations are too large, and it's easy to get hurt. If you really want to play, just use some spare change to test the waters, or simply observe and learn.

    Personal opinion:

    I personally still lean bearish on ZEC today. If it breaks down with volume, panic selling could push the price towards the lower support. However, if the rebound can persist and approach the liquidation line, it may trigger a short squeeze, leading to a violent reversal. Want to know the specific entry point and where to set the stop-loss for maximum safety? Zitan Village has already provided reminders; those who want to follow along can become villagers of Zitan!

The long and short battle for ZEC is right in front of us! Are you shorting or bottom-fishing? Call out your views in the comments! Want to know how I, Zitan, led my friends in the village to avoid spikes and set precise ambushes? Follow @链上紫檀 2026 and join the villagers of Zitan in every attack! Zitan will announce the specific entry times and real-time news in the village every day! #BTC #ETH