The biggest whale is betting against it but getting squeezed, with a loss that’s already ballooned to 25,700,000 USDT～ Everyone’s wondering if he’ll get obliterated, and you’re probably curious too～ Let’s break down the massive short squeeze and the risk of a reversal ⬇️🧐
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Extreme short squeeze The core driver is a forced-position liquidation. The top bear whale Garrett Jin has increased his short to 47,220,000 USDT, with a liquidation price of 2,292 USDT. A legendary trader who had 26 consecutive wins is now down 5,270,000 USDT. The market is actively hunting these stop-losses, creating a self-reinforcing upward pressure.
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Smart money divergence While the big shorts are stuck, other smart money is piling in. One address has expanded its long position to 11,370,000 USDT in profit. The capital flow is a direct tug-of-war. The recent net inflow over 3 days surpassed 40,000,000 USDT, showing aggressive buying to crush the shorts.
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Narrative and sentiment peak The privacy sector is up 213% in 2026, and the Grayscale ZEC ETF revision is a powerful catalyst. The Fear & Greed Index is at 70, indicating greed. The price is now at 1,138.65 USDT, deep in overbought territory on the daily chart with a KDJ-J value of 79. This is a sentiment-driven, liquidating rocket, not a fundamental new trend.
How to trade the squeeze?
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1. Short-term strategy (1-7 days): Ride the squeeze
- Core logic: Trade the forced liquidation of the largest short. The momentum is to hunt his 2,292 USDT liquidation point.
- Specific paths: This is a single-asset, high-risk event play. The direct trade is on ZEC. A pullback to the 1,110 – 1,125 USDT zone could be a bounce entry. The primary target is the whale’s pain point near 1,200 USDT.
- Key observation: Monitor the lead whale’s on-chain position. If he starts covering, the squeeze ends. A break below 1,080 USDT signals the momentum is dead.
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2. Medium-to-long-term strategy: Wait for the aftermath - The trade is a short-squeeze that will eventually resolve. The only actionable long-term plan is to wait for the liquidation cascade to finish and the price to stabilize, then assess if the privacy narrative has real staying power.
One-line summary: Don’t chase the top, this is a whale-liquidation hunt, not a value buy; the real opportunity is the violent correction after the squeeze.
🚀 MEXC-AI cuts through the market noise to help you see the structure behind the squeeze, so you can trade the logic, not the hype.