$ZEC
Rallied to 1,695.50 for just over a day, and it already gave back 7%—people chasing near the new highs are now all in floating losses.
Current price: 1,545.33, down 4.42% over the past 24 hours. MA5/10/20 are all aligned bearish, price is below the Supertrend line at 1,639.76. MACD’s DIF is still below DEA. RSI6 is 31.59, nearing oversold but not entering.
Many people use “institutional products” as the reason to act as the bag-holder, so you have to break it down: the ZCSH High Income ETF submitted by Grayscale on 9/25 is an income fund that earns premium via options—not holding ZEC. Upside gains for holders will be capped by selling call options; it doesn’t directly buy the coin. The real accumulation comes from the spot ZCSH: as of 9/18, assets were $914.5 million, with cumulative net inflows of $271 million. Out of the nearly $1 billion scale, part of it is growth driven by the coin price increasing.
My move: I won’t chase or copy trades. Until the price reclaims MA20 (1,614.24), I’ll only observe. If you already hold coins, watch the previous low at 1,455.49. #ZECUSDT
Rallied to 1,695.50 for just over a day, and it already gave back 7%—people chasing near the new highs are now all in floating losses.
Current price: 1,545.33, down 4.42% over the past 24 hours. MA5/10/20 are all aligned bearish, price is below the Supertrend line at 1,639.76. MACD’s DIF is still below DEA. RSI6 is 31.59, nearing oversold but not entering.
Many people use “institutional products” as the reason to act as the bag-holder, so you have to break it down: the ZCSH High Income ETF submitted by Grayscale on 9/25 is an income fund that earns premium via options—not holding ZEC. Upside gains for holders will be capped by selling call options; it doesn’t directly buy the coin. The real accumulation comes from the spot ZCSH: as of 9/18, assets were $914.5 million, with cumulative net inflows of $271 million. Out of the nearly $1 billion scale, part of it is growth driven by the coin price increasing.
My move: I won’t chase or copy trades. Until the price reclaims MA20 (1,614.24), I’ll only observe. If you already hold coins, watch the previous low at 1,455.49. #ZECUSDT
