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Sohaib jutt
đš 38,000 ZEC short positions closed at a loss of $35M+⊠but Iâm still not rushing to call the bottom.
$ZEC just got hit hard, dropping from 1,695 to 1,303 â around 21% in seven days.
A move like that can easily shake people out, but honestly, Iâm not panicking yet.
Hereâs what caught my attention đ
đ Open interest fell from $169M to $139M on the 4H chart.
đ The long/short account ratio climbed from 0.57 to 1.19, meaning the proportion of shorts has been falling.
#DailyOrbit
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