$ZEC has recently become a focal point, and some are eager to go long, but is this trade really that easy?
From the perspective of privacy coins, this wave of enthusiasm is clearly waning—the speed of capital inflow has slowed down significantly. On-chain data reflects the real situation: retail investors are still trying their luck at the bottom, but large holders have already quietly started to reduce their positions and exit. What does this indicate? The market's voice is shifting towards the bears, and it is basically hopeless for a rebound to gain a solid footing.
In the short term, the strategy is quite simple—short on rebounds. The first target is set at 360, and if there is further downward space, then aim for the 320-300 range.
Looking at a longer time frame, if the storyline of privacy coins continues to remain cold and the overall market liquidity shrinks accordingly, ZEC actually has considerable room to decline. According to historical support, around 100 dollars may become a long-term bottom.
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