$ZEC is down sharply today but still well up on the week — it's caught in a broader crypto sell-off, not a coin-specific issue. A hotter-than-expected PPI print this morning pushed traders to price in higher odds of a Fed rate hike, and bitcoin dropped below $77k, dragging most of the market down with it. Zcash actually fell further than most (leading losses), even though on-chain demand signals (rising shielded-pool adoption, ETF/institutional inflows) have been a bullish narrative for it lately.
Worth flagging: there's also chatter about a large short position against ZEC and a recent futures liquidation flush, which tends to amplify moves in both directions. If you're trading it, that context on volatility matters more than the headline number alone — this isn't financial advice, just what's driving the tape today.
#ZECUSDT
Worth flagging: there's also chatter about a large short position against ZEC and a recent futures liquidation flush, which tends to amplify moves in both directions. If you're trading it, that context on volatility matters more than the headline number alone — this isn't financial advice, just what's driving the tape today.
#ZECUSDT
