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The Zcash price is approaching a critical moment. Technical structure is weakening, momentum is stalling, and derivatives positioning shows a clear bearish lean. Around $15 million is positioned for downside on Zcash perpetuals, signaling growing conviction that a breakdown is coming.
At the same time, only one group is quietly pushing back. Mega whales are adding while most others step aside. The question now is whether this turns into a full breakdown or a rare reversal against positioning.
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