ZEC has recently experienced another wave of activity. Large investors added 500 ZEC long positions, with the current total holdings reaching $1,396,800, and the average cost of this additional position is around $404.

From the data, the average cost of this long position has increased from $395 to $404. Although the cost has risen, the market price has already surged to $465.61, with unrealized gains exceeding $180,000. The paper profit rate is close to 132%, with a liquidation price set at $342.23, leaving a decent safety margin.

The key now is whether the price can hold at the $465 level. If the subsequent trend continues upward, the logic for this additional position makes sense. Conversely, if it pulls back, it will depend on whether the $342 support can hold.