ZEC short brothers, hold on!

The first giant whale who lost 6.49 million in a week has fallen, but his courage remains.

These days, ZEC has been surging strongly, and the short sellers are having a tough time.
Just a quick note, no jokes intended, just a warning to the brothers, and a salute.

On-chain, the total position of ZEC whales across the network is 174 million USD,
of which short positions account for 103 million, and long positions only 71.72 million.
What does this indicate? Most big players are still bearish; the direction hasn't changed.

However, this rally has been fierce, and the shorts are being squeezed.
The net loss of the whales' short positions across the network is 23.55 million, while longs gained 21.15 million, with a net loss of 2.39 million.

The most tragic is that first short whale.
He was at the 578 USD level, and really couldn't hold on anymore, closing with a buy to cut losses of 18.18 million, exiting the market.
In 24 hours, he lost 3.91 million, and over a week, a total loss of 6.49 million.

Honestly, it's quite unfortunate.
Being able to hold at this level shows he truly believed ZEC would drop, just luck and timing weren't on his side.
He fell, but that doesn't mean the short side lost. The overall network short positions still exceed longs, the main force is still in the game.

Brothers, don't get discouraged just because one whale falls.
The market always has ups and downs; no matter how fierce ZEC's rise, it can't go to the sky forever.
Stay steady, control your positions, and only by surviving can you have a chance.

Salute to that first short whale who fell, rest in peace.
The remaining shorts, let's keep holding on. 💪
$ZEC