Just took a quick look at
$ZEC , pretty interesting.
This thing has been rallying from 191 to 385, doubling in size.
I was thinking, since it doubled, surely some people would have taken profits? But when I checked the backend—wow, over 60% of accounts are still in the game.
You guys are really stubborn; the more it rises sharply, the more people are happy to hold short positions.
I also glanced at the big traders’ table.
Longs have a cost basis of 382, close to the current price, 90% of them are still making money, not even a sip of their drinks has been spilled on the table.
What