#美联储恢复降息进程 ZEC this wave of price movement is alarming. Last night, the price violently surged from $654 to $738, only to be smashed back down to $705 - a typical scenario of a long-short squeeze.

Even more explosive is the on-chain data: a certain whale opened a 10x leveraged short position on Hyperliquid, with a scale of up to 190 million USD. Now? They are stuck badly, and the estimated unrealized losses are likely not pretty.
The market signals are quite interesting:
• The strong liquidation price for long positions is densely stacked in the 400-600 range.
• The short liquidation line is hovering above 1000.
• The RSI indicator shows a high position death cross, and the MACD red bars are still expanding.
Someone is trying a light short position near 715, setting a stop loss at 738; planning to add positions if it breaks below 680, with a target looking towards 650. This kind of strategy carries some risk, as the opposing side is not to be underestimated.
Both bulls and bears are betting on the direction, and a leverage battle is about to break out. Do you think this time the whales have successfully bottomed out, or will the bulls stage a desperate counterattack? The market will provide the answer, but it is advised to manage your own risk exposure first.
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