Foreigners say that calling $ZEC can reach a BTC valuation of 5%-10%, and I’m cautious, but somewhat optimistic in the short term.
From the 8th to the 18th, ETF holdings increased from 460,000 shares to 600,000 shares—an increase of 130,000 in more than 10 days. Miners mine more than 1,400 coins per day; in 10 days, the ETF absorbed the equivalent of over 90 days of miners’ output. Behind it all, DCG, Grayscale, and miners selling coins have been tied into a strong interest chain, plus aligned interests and narratives are driving it forward.
To avoid timing the top, keep an eye on three things: whether ETF inflows are slowing down, whether mining rig hashrate is still surging wildly, and how high leverage has been stacked. Right now, futures turnover is 4.5 billion, while spot is only 500 million—clearly leverage is being used. The heavier the leverage, the harsher the needle—this string needs to be kept tight.
From the 8th to the 18th, ETF holdings increased from 460,000 shares to 600,000 shares—an increase of 130,000 in more than 10 days. Miners mine more than 1,400 coins per day; in 10 days, the ETF absorbed the equivalent of over 90 days of miners’ output. Behind it all, DCG, Grayscale, and miners selling coins have been tied into a strong interest chain, plus aligned interests and narratives are driving it forward.
To avoid timing the top, keep an eye on three things: whether ETF inflows are slowing down, whether mining rig hashrate is still surging wildly, and how high leverage has been stacked. Right now, futures turnover is 4.5 billion, while spot is only 500 million—clearly leverage is being used. The heavier the leverage, the harsher the needle—this string needs to be kept tight.
