Whales are sweeping up ZEC, midnight surge or a bull trap? I've discovered these key signals!
The on-chain data at midnight does not lie; the battleground for ZEC bulls and bears is already filled with smoke.
At 3 AM, while most retail investors are still dreaming, a ZEC whale takes action again, increasing its position by 10,000 ZEC at once, worth over 6 million dollars. This is already the 12th large position increase by this whale since November, with a total position size reaching 26.77 million dollars, accounting for nearly 0.8% of ZEC's circulating supply.
On the other side, a large short position holder stubbornly holds onto a floating loss of 15.18 million dollars, continuously adding margin, vowing to compete with the bulls. This extreme market opposition is rare in ZEC's trading history in recent years.