ZEC's active trading suddenly increased, with a transaction of nearly 5 million US dollars in just 3 minutes

According to the PRO "Large Transactions" display, from 16:09 to 16:12, Binance ZEC/USDT had 13 perpetual market buy orders totaling $4.986 million, with an average transaction price of $829.17, indicating a significant increase in active buying. However, the negative position difference during the same period indicates that the overall position was actually decreasing when buying orders appeared, which means that there is a clear short covering in this batch of active buy orders, rather than simply adding long positions. At present, the short-term resistance of ZEC is concentrated between $828.6 and $836.5. If the subsequent main buying orders continue to increase and the holdings increase, it will be closer to the entry of new long positions. The data is for reference only and does not constitute any investment advice.