Paradigm disclosed a stake in Zcash, and the token ripped 23% to a record high.
This happened while the market was digesting the first Fed rate hike since 2023. Bitcoin is up less than 1%. ZEC is up on a specific, fundamental catalyst.
The desk's read is that thesis-driven trades are working again. When major funds start making high-conviction buys into specific alts, ignoring the macro noise, that's a signal. This is how market bottoms form — not with one big V-shape recovery for everything, but one asset at a time finding its bid.
The chart's hot with an RSI of 71. A pullback that holds the 20-day EMA near 1,451 is the real confirmation.
$ZEC $BTC #Fed
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This happened while the market was digesting the first Fed rate hike since 2023. Bitcoin is up less than 1%. ZEC is up on a specific, fundamental catalyst.
The desk's read is that thesis-driven trades are working again. When major funds start making high-conviction buys into specific alts, ignoring the macro noise, that's a signal. This is how market bottoms form — not with one big V-shape recovery for everything, but one asset at a time finding its bid.
The chart's hot with an RSI of 71. A pullback that holds the 20-day EMA near 1,451 is the real confirmation.
$ZEC $BTC #Fed
New reads post through the day. Follow so you don't miss the next one.
