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Don't remind me again today

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?
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ChainDoctorvip
· 11-16 16:49
The powder keg is indeed not exaggerating; this leverage data looks painful. Looking at this holdings structure, whoever capitulates first is in trouble. By the way, the figure of 1.5 billion has indeed been refreshed; large investors are all waiting for that long wick candle. The probability of getting liquidated is still quite high, after all, there is no coin that only rises and never falls. I still choose to be a bystander; this game is too fierce.
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LuckyBearDrawervip
· 11-16 16:48
Really, as soon as the data came out, I started to panic, feeling like I need to quickly reduce my holdings. --- 1.5 billion in holdings, I don't believe there aren't large investors playing tricks behind the scenes. --- Retail investors are still here leveraging, why not just send the money directly to the exchange? --- Getting liquidated and washed out is nine times out of ten, just waiting to see when it gets triggered. --- This powder keg is bound to explode, the question is whether I can survive to see the day of profit. --- With both long and short positions so fierce, it feels like no one can win, and in the end, everyone ends up losing together. --- ZEC's rhythm feels off, I can't help but feel anxious for those leveraging. --- Continue to pump? In your dreams, first let's have a big whipsaw and then talk. --- Getting involved in this pattern is just betting on the market maker's mood, too risky. --- Open interest skyrocketing, isn't this just the market maker laying traps? Can't afford to play.
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OptionWhisperervip
· 11-16 16:47
The metaphor of a powder keg is spot on, it feels like it could explode any second. At first glance, it's clear that institutions are playing here; retail investors really only deserve to eat dust. With leverage piled up so high, a bloodbath is inevitable; it's just a matter of who can't hold on and gets liquidated first. A rise of 21.49% is a bit sinister; it feels like this is a bull trap. A cleansing is definitely going to happen; it's just a matter of when they'll take action. If this wave crashes, how many people will get hurt... Both bulls and bears will be played for suckers; this is the situation the market maker wants. Us retail investors, we just watch the excitement and that's it; don't think about buying the dip.
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