$ZEC The price has risen too high now, and it's in a very dangerous position, just like walking on a tightrope in the air. There are very few bearish people in the market now, and this little short selling force has instead become the 'last straw' supporting it from falling.
Large institutions like Grayscale have recently not been announcing data, and they may be quietly offloading assets. Most people are very conflicted now—afraid to short and also afraid to chase as prices rise too high.
But the market has never shown mercy to those who hesitate; when the last bit of bullish sentiment is exhausted, the fall will be very brutal.
