The downside of staring at the charts in the middle of the night is that you end up replaying daytime data over and over in your head.
Last week, for the first time since it launched, the ZEC spot ETF saw a weekly net outflow—more than 900 million USD. From its launch in August to mid-September, it was still net inflowing by almost 300 million. Now the money is starting to run back out.
Once the money leaves, sentiment changes. ZEC has already fallen from 1,300. Today it’s down a bit over 5 points, and over the last 7 days it’s down 17 points. What people call “changes on the capital side,” translated in textbook terms, means: the ones who came first start withdrawing.
And betting on data is something I understand best. Whether it’s Non-Farm Payrolls or CPI—if you bet right, you make a small profit; if you bet wrong, it’s a script where a long position gets wiped out in 13 minutes, costing you half a year’s profit. Only when the data is actually released does it count. Before it lands, your “faith” is all illusion. $ZEC
#Zcash现货ETF首现周度净流出9360万美元
Last week, for the first time since it launched, the ZEC spot ETF saw a weekly net outflow—more than 900 million USD. From its launch in August to mid-September, it was still net inflowing by almost 300 million. Now the money is starting to run back out.
Once the money leaves, sentiment changes. ZEC has already fallen from 1,300. Today it’s down a bit over 5 points, and over the last 7 days it’s down 17 points. What people call “changes on the capital side,” translated in textbook terms, means: the ones who came first start withdrawing.
And betting on data is something I understand best. Whether it’s Non-Farm Payrolls or CPI—if you bet right, you make a small profit; if you bet wrong, it’s a script where a long position gets wiped out in 13 minutes, costing you half a year’s profit. Only when the data is actually released does it count. Before it lands, your “faith” is all illusion. $ZEC
#Zcash现货ETF首现周度净流出9360万美元
