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The leveraged market data for ZEC has gone completely crazy.
Latest on-chain data shows:
The total open interest of ZEC contracts across the network has surged to 1.506 billion USD, breaking historical records once again. The number of positions has reached 2.0971 million coins, soaring by 21.49% within 24 hours.
A leading exchange holds 579,700 ZEC (worth 416 million USD), while another platform holds 289,800 ZEC (approximately 208 million USD).
To be honest...
This level of leverage is no longer a game that retail investors can play.
The current ZEC market is like a powder keg:
Bulls and bears are fighting fiercely, leverage is piled higher than mountains, and liquidation data is ready to flood the screen at any time.
Under this position structure, as long as one party can't hold on—
There are only two endings:
Either everyone celebrates together,
Either everyone will get liquidated together.
What do you think?
Will ZEC continue to rise, or is it preparing for a big cleanup?