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BITCOIN_
$ZEC Smart Money is heavily positioned long
Longs are holding a massive $304.9M, compared with only $52.7M in shorts. That’s almost 6x more long exposure.
And the difference in PnL is brutal. Longs are sitting on around +$73.8M, while shorts are underwater by almost $8M.
Interestingly,the last 30 minutes are much more balanced: $1.09M net buying vs $1.17M net selling
But with longs this crowded and already deep in profit, I’d be careful chasing $ZEC here A wave of profit-taking could hit hard
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