Something interesting I've noticed with $ZEC is how institutional volume peaked around both local tops. The first was near $1,300, followed by another peak around $1,700. Since then, mid-sized volume has continued to trend higher, while retail activity remains well above September levels. Institutional volume tells a different story. It's been gradually declining throughout the correction from the highs. For now, I think ZEC is more likely to remain range-bound until institutional participation starts picking up again. That could be an important signal that another move toward new highs is gaining momentum. #Macro Insights# #Altcoin Season#