Both have it, right? Against the trend like this, catching enough attention, and the car is still so light.

$ZEN
ZEN has been performing very well recently, rising from 13u to 39u. Currently, the market is experiencing a slight pullback. Data shows that there has been a certain amount of reduction in long positions here. The reduction isn't large, but from the 8H level to the 15M level, it is beginning to show a state of outflow, indicating a tendency for profit-taking.

Let's closely observe the 24h data. ZEN has increased by 17% at the 24h level, while the holding volume has only risen by about 18%. What can we infer from this? It suggests that either ZEN is highly controlled by market makers, requiring little funds to push it up, or there is a strong market consensus, and during this 24h rise, there hasn't been much divergence between bulls and bears. The author leans towards the former.

Pursuing high prices here has very low cost-effectiveness. Although it is clearly managed by Grayscale, chasing the peak due to fear of missing out (FOMO) may not yield good results. There is still a significant risk of a pullback here, and one can look for opportunities around 30 to see if it can be caught. This round of altcoins seems to have a background behind their surge.