#数字资产生态回暖 ZEC’s recent trend hints at deeper implications—can this wave of counterattack continue?

Recently, interesting contrasts have appeared in on-chain data—while mainstream cryptocurrencies BTC and ETH show stable capital flows, ZEC has experienced a surge of unusually active buying. The liquidation data best illustrates the situation: within 24 hours, short positions faced a liquidation of $7.11 million, while long positions were liquidated by just over $1.7 million. This stark contrast reflects an imbalance between bullish and bearish forces.

From a technical perspective, here are some details:

**Data Comparison**
- Short liquidations reached four times the size of long liquidations, indicating shorts paid a significant price
- Currently, longs account for 53%, meaning there are still considerable wait-and-see traders and stop-loss orders outside the market
- Price remains stable above all major moving averages, MACD indicates expansion, and RSI is in a strong zone

**What’s Next?**

If you want to participate, key levels to watch are approximately: $456-$460 for trend-following entries, $448-$454 as an opportunity to add positions, and $440 as a support level.

The upward target points are $480 and $500, two psychological price levels.

It’s important to note that this type of analysis is only a probability estimate—trading always involves risks. The market is unpredictable; there are only different win probabilities.