ZEC bears have not been cleared yet, with the maximum risk area above $1800

AiCoin Smart Money data shows that among addresses holding ZEC over $1 million on Hyperliquid, they currently hold approximately $227 million in ZEC short positions. The distribution of forced liquidation positions is as follows: -$1190~$1500: Approximately $20.34 million, with the near end clearing zone mainly concentrated between $1316~$1470 -$1500~$1800: Approximately $36.83 million in empty orders -$1800~$2200: Approximately $74.58 million, the most densely populated area for positions among which The maximum short position is 0x92ea... 50e9 holds a $33.02 million short position, with a floating loss of $18.47 million and a strong parity of $2572; The second largest bear, 0xdd53... 2b13, holds a short position of $27.94 million, with a floating loss of $10.07 million and a strong parity of $2179. In contrast, bullish strong parity is mainly concentrated in the range of $500 to $900, further away from the current price. In summary, if ZEC continues to rise, we can first observe whether the bears in the range of $1316~$1470 have reduced their positions or passively closed them; Only when the near end positions begin to release and push prices to continue, can risks be transmitted to higher and denser strong flat areas. The data is for reference only and does not constitute any investment advice.