2026-01-12 16:23:09

ZEC has been making quite a splash recently. Large holders are busy withdrawing coins from exchanges and opening leveraged long positions, and this momentum doesn't look simple.

Specifically, a new wallet withdrew 3,956 ZEC from a major exchange, worth $1.55 million, directly hitting the seller’s liquidity. There’s also a famous trader who’s even more aggressive, directly smashing a long position of over 42,498 ZEC (worth $17.53 million), more than ten times the size. And it doesn’t stop there—the open interest has surged by 6.18%, now reaching $900.5 million. Data from exchanges further confirms the situation, with 61% of top traders betting on the long side.

On the technical side, ZEC is currently trapped between a support at $371.21 and resistance at $408.36, and has been range-bound for several months. The RSI stands at 42.13, which isn’t particularly extreme. Spot accumulation is ongoing, leverage positions are expanding, and longs are clearly betting on a strong breakout.

That said, 10x leverage is very risky. Once the support level is broken, those caught on the wrong side will likely be in a tough spot.

ZEC-3,98%

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RugResistant

· 11h ago

10x leverage on 3956 ZEC move? nah, red flags detected here—that's textbook liquidation bait setup. 61% of top traders going long screams potential exploit waiting to happen. needs immediate attention before support breaks.

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ser_ngmi

· 11h ago

10x leverage is fun, but I'm afraid a sudden pullback will directly take you out.

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GateUser-4745f9ce

· 11h ago

10x leverage, you really have guts. One pullback and you're liquidated.

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Blockwatcher9000

· 11h ago

Leverage of 10x is really playing with fire, a black swan could directly hit the bottom. --- The big players' moves this time are a bit aggressive, but I still think this sideways range doesn't feel right. --- 61% of top traders are bullish? This data looks even more dangerous, easily leading to a reverse liquidation. --- $1.55 million pouring into liquidity, so blatant, is it real or fake? --- Whether ZEC can break out this time is still uncertain, I've seen leveraged liquidation waves before, I really don't want to see it again. --- Wow, open interest contracts surged by 6 percentage points, this is a typical top signal, right? --- Spot accumulation + leverage hitting the limit, no matter how this combination moves, it will cause a wave of collapses. I just want to watch the fun. --- That celebrity trader really dares to make a move, a 17.53 million tenfold position, a 5% drop and it's directly liquidated. Just thinking about it is scary. --- Why do big players have to withdraw coins from the exchange? Are they trying to dump the market or are they really optimistic? The rhythm is a bit chaotic. --- Suddenly so volatile after four months of sideways movement, it feels like someone is trying to manipulate the market. Retail investors should just watch.

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ImaginaryWhale

· 11h ago

How are 10x leverage players still not smart enough? This time, it's the rhythm of liquidation.

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