The ZEC liquidation heatmap over the past three days has revealed some interesting signals.

The most noteworthy is the $490 to $500 range—bright yellow dense bands indicate that a large amount of liquidity was accumulated during early corrections, and it now serves as a strong support level for rebounds. In the short term, the price squeeze has magnetized these trapped positions, making a strong rebound more likely.

According to the data, the current liquid capital is approximately $10.23 million, with a leverage ratio at a moderate level and room for further increase. Capital inflow within 24 hours reached $63.76 million, ranking in the top four in market competition—this level of activity is quite high.

Even more interesting is the comparison between long and short positions. The long positions on the left clearly exceed the shorts, indicating a market sentiment leaning towards optimism, with both retail and institutional investors betting on a rise. This consensus often reinforces price movements in the short term, regardless of whether prices go up or down.