The ZKP in the privacy track is staging a crazy "long-short squeeze battle"!

Unclosed contracts have surged 62% within 24 hours, and the contract market cap has astonishingly reached 63.3%, indicating that the market is full of leverage, and major funds are pouring in crazily. The most noteworthy point is that while the price surged 11.3% in one hour, the funding rate surprisingly dropped to -1.12%, which shows that the shorts are already crowded in the track, and a short squeeze that could cause collective liquidation of shorts might erupt at any moment!

The bulls are pushing against the trend with the backing of mainstream exchanges and the pressure from short sellers, but technical indicators are already severely overbought. Coupled with old issues like token unlocks and regulatory pressure, this high-risk, high-reward trading resembles a high-wire act. With extremely high turnover and rapid volatility, this is no longer ordinary market behavior but pure capital game. Any slight disturbance could lead to a collapse from high levels, and the risk of chasing the rally is no less than trying to top out!

Currently, ZKP is like a powder keg about to explode. Too many people are bearish, which ironically gives big players a chance to push the price up, causing shorts to liquidate and drive prices higher. A straightforward advice: this looks like easy money, but it’s actually playing with fire. If you don’t have the quick reflexes and technical skills to set stop-losses, don’t get greedy. The more aggressively prices are pushed up by leverage, the harder they will fall. Don’t wait until you become someone else’s fuel and regret it later. $ZKP ‌#Gate春节赛马红包嘉年华