$ZEC has returned to 1260; this trend is indeed very strong.
In the past few days, the market hasn’t been all that great. $BTC has still been oscillating around 76,000, and after ZEC pulled back from the highs, it quickly pushed the price back above 1,200.
More notably is ZEC/BTC.
Over the past 30 days, ZEC against BTC has already risen by nearly one hundred percent. In other words, this rally isn’t just following a BTC rebound—it has been continuously outperforming BTC.
And the capital hasn’t stopped either.
As of September 15, ZCSH has already held 555,600 ZEC, with AUM of about $630 million. Adding CYPH, the two sides together hold close to 880,000 ZEC—about 5.2% of the circulating supply.
There are also changes on-chain. Now around 4.89 million ZEC are in Shielded Pools, accounting for 28.9% of the circulating supply. In the last 7 days alone, there has been a net inflow of 14,700 ZEC.
So with ZEC, I won’t go guessing which candlestick is the top, and I won’t short just because it jumped a lot in a single day.
For a coin that clearly outperforms BTC and whose institutional holdings are still increasing, just follow the trend—that’s enough.
$ZEC
In the past few days, the market hasn’t been all that great. $BTC has still been oscillating around 76,000, and after ZEC pulled back from the highs, it quickly pushed the price back above 1,200.
More notably is ZEC/BTC.
Over the past 30 days, ZEC against BTC has already risen by nearly one hundred percent. In other words, this rally isn’t just following a BTC rebound—it has been continuously outperforming BTC.
And the capital hasn’t stopped either.
As of September 15, ZCSH has already held 555,600 ZEC, with AUM of about $630 million. Adding CYPH, the two sides together hold close to 880,000 ZEC—about 5.2% of the circulating supply.
There are also changes on-chain. Now around 4.89 million ZEC are in Shielded Pools, accounting for 28.9% of the circulating supply. In the last 7 days alone, there has been a net inflow of 14,700 ZEC.
So with ZEC, I won’t go guessing which candlestick is the top, and I won’t short just because it jumped a lot in a single day.
For a coin that clearly outperforms BTC and whose institutional holdings are still increasing, just follow the trend—that’s enough.
$ZEC