The price plunged from $1,699 to $1,213, and outflows are still accelerating. Plenty of people are rushing to shout “the market’s collapsing”—but take a look at the public data: Grayscale’s 387,200 ZEC holdings haven’t budged.

Continued outflows look alarming, but at their core, they reflect profit-taking and a wave of position turnover after the earlier rally—not a breakdown in the market’s fundamentals. The largest institutional holder hasn’t moved an inch; it’s only short-term holders who have bailed.

Mistaking intense turnover for the end of the rally can easily lead you to sell at the bottom in a panic. This pullback has carved out a deep dip, and the more thoroughly profits are shaken out, the more compelling the opportunity to buy the dip becomes.
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#OGN $OGN
#以太坊升破2500美元
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