Its ambiguous in my opinion, but i think its a very cheap way to showcase conqueror haki either way.. I'd still lean toward unconcious, it did look like Zoro knew what he was doing though.. CoC doesn't send people back like a shockwave, they just faint normaly..
regarding the shockwave point,
katakuri and luffy releasing their CoC and clashing in the mirror world actually broke the walls of the mirror world.
shanks when he used CoC on whitebeard's ship damaged it.
i think this was a cheap moment but we're getting a proper CoC reveal when ch 997 is adapted like the theory i posted. just look at the parallels it has with the marineford war.
marineford and wano are era defining wars.
both wars got serious once a supernova (luffy at marineford, zoro at wano live floor at ch 997) released their conquerors haki and explicitly stated what they are here to do.
i dont think oda would miss out on such an opportunity to drive this point home.
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Or he is just telling us Zoro Sanji rivalry is a gag, which I agree with, just a gag
:cheers: