#数字货币市场洞察 ZEC has shown a notable long-short game signal.

According to on-chain monitored data, both the spot and derivatives markets are experiencing large net capital inflows simultaneously. This dual-track capital movement usually implies institutional-level accumulation. More critically, the short side is under pressure: in the past 4 hours, the amount of short liquidations reached three times that of longs—every time the price moves up, it triggers new stop-losses on short positions, and these passive buy orders create a positive feedback loop.

Data from the Bitmex platform shows that the current short position ratio is as high as 71%. This extreme position structure itself constitutes potential upward fuel—once shorts start to give up and exit, it could trigger a chain reaction.

On the technical side, several indicators are in alignment: the V-shaped reversal pattern has been confirmed, the RSI indicator is at 58, which is in a healthy range (neither overbought nor oversold), and the MACD has formed a bullish crossover. A sentiment survey across the network shows that over 52% of participants are bearish, and this kind of one-sided pessimism often appears right before a trend reversal.

Here are some key price zones for reference: $355-358 is the current support-turned-resistance zone, $345-348 can be seen as a pullback entry area, and $333 below is the trend failure level. Resistance levels to the upside are at $385, $410, and $438, respectively.

When capital flows, position structure, and technicals all point in the same direction, the market is often already quietly pricing it in.