$ZEC Long Position Ratio Sounds the Alarm: Beware of Technical Pullback

Noticed a noteworthy phenomenon—on the Bitmex platform, the long position ratio for ZEC has reached 74%. Such an extreme one-sided position distribution often signals overheated market sentiment.

📊 Two Key Data Points Reveal the Signals

**Severe Imbalance in Position Structure**
A 74% long ratio indicates that buying power may have become overly concentrated. It’s like a spring compressed to its limit—once there’s a counterforce, the energy released will be especially violent. Further upward movement requires new inflows, but when most participants are already in, who will keep it going?

**Liquidation Data Confirms Bull-Bear Tussle**
Data from the past hour is telling: short liquidations totaled $746,000, while long liquidations were only $6,000. Shorts have been mostly cleared out, and the mechanism for further price increases via short squeezes is basically ineffective in the short term.

⚡ If You Want to Take a Contrarian Position

Reference Range: Around $350, consider probing short positions
Pullback Observation Zone: Initially look at the $338–332 range; a deeper correction could reach $325–300
Stop-loss: If it breaks above $362, cut losses decisively

⚠️ Risk Control Is the First Rule
This is a counter-trend trade, and position sizing is extremely important (recommended not to exceed 10% of total funds). When market sentiment is euphoric, rational judgment is more important than blindly following the crowd. Not suitable for those lacking trading experience.

{future}(ZECUSDT)

The market always swings between the two ends of a pendulum. When it swings too far to one side, gravity pulls it back. The question now is: Which side of the pendulum are you on?