ETF money just walked back into $ZEC — $41.1M last week, the fund's best week since mid-September, after three weeks of $143M walking out.
I'm watching the flow, not just the chart, because the tape tells a split story. The fund took in money four days straight, $20.5M on Friday alone, while Bitcoin funds wobbled and Ether funds lost $220.7M on the week. ZEC held near $1,218 through it, up about 7% on the week, after dipping to $1,118.
September, though, did this exact dance before. A $98.2M inflow week was followed by three weeks of withdrawals as ZEC slid from near $1,690. One strong week is a change of direction, not proof of one.
$1,118 below, $1,238 above — a daily close under $1,118 breaks the floor this thesis stands on.
What convinces you first — a second straight week of inflows, or a close above $1,238?
Not financial advice. Do your own research.
$ZEC #CryptoNews #ZEC #ETF #Privacy
I'm watching the flow, not just the chart, because the tape tells a split story. The fund took in money four days straight, $20.5M on Friday alone, while Bitcoin funds wobbled and Ether funds lost $220.7M on the week. ZEC held near $1,218 through it, up about 7% on the week, after dipping to $1,118.
September, though, did this exact dance before. A $98.2M inflow week was followed by three weeks of withdrawals as ZEC slid from near $1,690. One strong week is a change of direction, not proof of one.
$1,118 below, $1,238 above — a daily close under $1,118 breaks the floor this thesis stands on.
What convinces you first — a second straight week of inflows, or a close above $1,238?
Not financial advice. Do your own research.
$ZEC #CryptoNews #ZEC #ETF #Privacy
