ZEC: It's time to burst this hundred billion bubble

Brothers, how long do you think a hundred billion empire built on sand can last? The glamorous story of $ZEC has come to an end, and now it's time to face its fragile fundamentals. This might be the clearest "short" opportunity of the year.

Core Arguments: Three Major Weaknesses of the Bubble

1. The miner economy is a "hunting ground": Current main mining machines can break even in 89 days, with an annualized return rate as high as 410%. In the entire history of PoW mining, such abnormal profits are often a precursor to mining disasters and price collapses. Historical scripts (like Chia, KAS) repeat: when mining machines are delivered and hash power surges, it's the day of price crash.

2. The network is as fragile as paper: The total network hash power of ZEC is only equivalent to that of a medium-sized Bitcoin mining farm. The theoretical cost of a 51% attack is only a few million dollars, which is a fatal flaw for a public chain that once had a market value close to one hundred billion.

3. The ecosystem is extremely hollow: The daily on-chain real trading volume is only 1%-2% of large public chains, and the usage rate of its core privacy features is even less than 10%. Beneath the hundred billion valuation, there are almost no real users to support it.

Technical Perspective: A rebound is the best short point

After the price was halved from its peak, it is now in a weak fluctuation below the middle band of the daily Bollinger Bands (about $410). Every weak rebound is accumulating energy for the next round of decline.

Strategy: Short, and only short

Forget about bottom fishing. Our goal is to wait for the price to rebound to the resistance zone of $415-$425, building short positions in batches. Set the stop-loss above $430, targeting the previous low near $343.

Narratives create myths, fundamentals determine how long myths can survive. When the tide goes out, are you the one holding the fishing net, or are you the one swimming naked.