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#ZEC is approaching $1,600 as the battle between bulls and bears intensifies. Open interest remains elevated, with heavy liquidations and contract volume far above spot. Leverage is driving much of the move. Bulls see strong privacy-sector potential, while bears expect a sharp pullback after profit-taking. With weak liquidity, ZEC can move violently. I’d avoid chasing and watch for sustained spot inflows.#CryptoRecoveryBroadens #UNI21%RallyOnSECRule #ZECPositionsDiverge