Posteo

Short squeezes will push $ZEC even higher, but the higher it goes, the closer the top gets. Garrett Jin's $2,631 liquidation price is very likely the ultimate magnet for this Zcash rally. The market has a strong incentive to pull the price to this level—not to liquidate him, but to liquidate all shorts at the point of maximum pain. When the last short is taken out, that's when the bulls start trampling each other.