Zcash is making a major move, and there are several factors driving it. New High is also formed few minutes ago

Just hit 875$

The move is mainly being driven by 3 key factors:

1. ZEC ETF Narrative
   
   Grayscale’s push toward a spot ZEC ETF is creating expectations of institutional demand and easier access to Zcash.

2. Institutional & Whale Buying
   
   Large potential purchases are creating strong demand in a relatively limited-liquidity market, amplifying price movement.
   

3. Short Squeeze
   
   As $ZEC breaks higher, heavily shorted positions are being liquidated. Those liquidations force traders to buy back ZEC, creating additional upward pressure.