Post

I continue holding a short position on ZEC, bearish in the long term My current thinking hasn't changed. ZEC is a veteran privacy coin, and with increasing regulatory pressure, its survival space and narrative capability are being squeezed. From my average entry price to the current price around 1556, the account has some unrealized losses, but still within a tolerable range. The position is 2x low leverage, with a liquidation price at 3230 There is still more than a 100% gap from the current price, so no liquidation in the short term, giving me enough time to wait for the long-term logic to play out. Regarding the overall market, I think BTC and ETH will pull back in the short term. The earlier sentiment has mostly been released, incremental funds haven't followed, and technically a shakeout is needed. So for now, just hold the ZEC short position and patiently wait for ETH to fall into the “golden pit” $BTC $ETH $ZEC