$ZEC Broke $800 — But the Real Signal Isn’t $1,000

Zcash just crossed $800 for the first time since 2018.

The ETF is getting the attention, but one number deserves a closer look:

Futures volume is reportedly ~9× spot volume.

That means derivatives are playing a huge role in this rally.

Bullish? Potentially.

But it also means leverage can amplify the downside just as quickly as the upside.

So I’m watching one thing next:

Will spot demand catch up with futures activity?

That could tell us whether this rally has real staying power — or is mostly leverage-driven.

ETF flows or spot volume — which signal would you trust more?

#ZEC #Zcash #Crypto