ZEC is a very impatient coin, usually as calm as still water, but once it enters a downtrend mode, it never stops. In just two days, it dropped from $500 straight down to $300, a complete halving.

I tried shorting it a few times before but failed to catch the move, so I got lazy and stopped watching. As a result, I missed the opportunity and was caught off guard by a smooth decline. After the US non-farm payroll data came in below expectations, market risk appetite decreased, and the selling pressure on privacy coins like ZEC clearly increased. This adjustment has given many people who wanted to get in a chance, but also caused those who bet on the wrong direction to suffer.