#zec突破1600美元创新高 ZEC surged to 1600—should you chase this move?
Let’s look at the numbers first: it just broke 1650, up more than 10% in 24 hours, and its market cap is up to 27.4 billion. Grayscale’s ZCSH ETF has seen 16 straight days of net inflows, accumulating more than 500 million. This is real money—not talk.
But there’s one detail I have to mention: on the 18th, a big “whale” address deposited 15 million dollars’ worth of ZEC into Coinbase. It was the first time in 10 months that they transferred to an exchange. This guy has been holding since 2025, and his unrealized gains are 360 million. He sends to an exchange—what do you think he wants to do?
Another data point: contract open interest briefly shot up to 3.5 billion, with the futures-to-spot ratio at 9:1. In early September, that same kind of big whale’s short position got completely liquidated, losing 36 million. Shorts got wiped out—that’s one of the reasons the price is surging so hard.
What about on-chain? In the blocked pool, nearly 30% of the circulating supply is locked—about 5 million ZEC that can’t move. Last week, there were 62,000 blocked transactions, the highest in four years.
So my view is: the ETF flows are providing a floor, shorts are getting liquidated and pushing the price, and on-chain activity really does show people are using it. But that whale sending coins to an exchange is a signal—you should keep an eye on it.$ZEC
Let’s look at the numbers first: it just broke 1650, up more than 10% in 24 hours, and its market cap is up to 27.4 billion. Grayscale’s ZCSH ETF has seen 16 straight days of net inflows, accumulating more than 500 million. This is real money—not talk.
But there’s one detail I have to mention: on the 18th, a big “whale” address deposited 15 million dollars’ worth of ZEC into Coinbase. It was the first time in 10 months that they transferred to an exchange. This guy has been holding since 2025, and his unrealized gains are 360 million. He sends to an exchange—what do you think he wants to do?
Another data point: contract open interest briefly shot up to 3.5 billion, with the futures-to-spot ratio at 9:1. In early September, that same kind of big whale’s short position got completely liquidated, losing 36 million. Shorts got wiped out—that’s one of the reasons the price is surging so hard.
What about on-chain? In the blocked pool, nearly 30% of the circulating supply is locked—about 5 million ZEC that can’t move. Last week, there were 62,000 blocked transactions, the highest in four years.
So my view is: the ETF flows are providing a floor, shorts are getting liquidated and pushing the price, and on-chain activity really does show people are using it. But that whale sending coins to an exchange is a signal—you should keep an eye on it.$ZEC
