The trend of $ZEN is simply a lesson for all short positions.

Today's players have become savvy, knowing that copycats usually spike violently before falling back to their original state. So what happens? This kind of "smartness" has instead become the favorite fuel for the market makers. The K-line of ZEN is right there—rising, consolidating, then rising again, in a cycle. This is not indecision from the main force; they are employing the classic "air refueling" strategy.

Every time it consolidates, it feels like a trap. When the price stays steady, retail investors think it won't rise and open short positions. The continuous negative rate? It indicates that short positions are piling up more and more. The main players are not in a hurry; they are just waiting for these short positions to reach a critical point—then they will directly pump the price to blow them out, using the short sellers' money to push the price up a notch.

What you think is a "high point" might just be a supply station before the next wave of surge. The case of ZEN is very textbook: the main players are almost forcing a short squeeze at zero cost, and every short position from retail investors is fueling the opposing side.

Consolidation is not weakness, and negative funding rates are not a bearish signal—this is the battlefield of capital games. When the entire market is betting that "this time it must be at the top," it is often the starting point of the next wave of market movement.

Don't go against the trend. In this game, the consensus of retail investors is sometimes the best offensive weapon for the major players.