The short sellers of ZEC—did the sky fall when you woke up? It straight-up blasted!

Everyone on the whole internet is celebrating: ZEC surged up, and in 24 hours, short positions worth $45 million were liquidated. The top traders’ short profit rate directly hit -600%—and you were just $1 away from liquidation? Everyone’s shouting, “The shorts are wiped out, and a bull market is here.”
But let me tell the truth: the shorts have been cleared out, and that’s precisely the end of this pump-and-dump induced-demand phase—also the start of shorting.
● The force behind the short squeeze is already spent; it can’t keep rising. In plain terms, this violent surge was driven by forcing prices higher by liquidating short positions. Now, most of the shorts in the market that could still hold on have basically been wiped out. The bulls have no “chives” left to cut. If they want to pump again, they can only rely on new capital to step in and take the bags. But the good news for Foundry mining pool was already hyped to death long ago—there’s no fresh news that can support this high price anymore, and the momentum to move higher has already died off.
● Those bearish factors have always been there; they were just covered up by emotion. Computing power is too concentrated; institutional miners’ costs are low and they could dump at any time; there isn’t much use for the chain; the core team is nowhere to be seen; and regulatory risks for privacy coins are still hanging over your head… Not a single one of these issues has been solved—it's just been pushed down by the frenzy of liquidations. Once the emotion tide goes out, all these bearish factors will resurface. The current high level is basically an entry ticket for shorts.
● The longs are all in floating profit right now, and they could turn around and hit their own people at any moment. Long positions are so overcrowded that almost everyone is making big money. If the price dips even slightly, these profit-taking positions will crash out like a tide, and then flip around to bury the longs themselves. Anyone rushing in to buy the dip is just acting as the bagholder for the people shorting at high levels. $ZEC ‌#比特币站稳8万关口 #Gate广场五月交易分享