ZEC is on fire this time š„
Up 8.5% in 24 hours and near $1,260, itās leading the crypto marketās recovery!
This isnāt a random pump. The NU7 upgrade is scheduled for block 3543405, with launch expected on November 5. Block times will drop from 75 seconds to 25 secondsāthree times faster. And 60% of fees from each block will be taken out of circulation until theyāre returned in 2031, tightening near-term supply š
The money flow is adding fuel to the fire āļø About $120,000 in shorts were liquidated during the rally, with liquidations on Binance, Bybit, and OKX. Whales have opened 10x long positions on nearly 30,000 ZEC (about $37.57 million). One account with over $20 million in profits cut its short position from 3.17 million to 1.42 millionāa clear sign that bears are getting nervous.
$ZEC $BNB $ETH
Governance is also boosting confidence š³ļø The community voted with 2.4 million ZEC, supporting another four years of halvings by a 106-to-1 margin. The ZCSH ETF saw $1.6 million in net inflows in a single day, bringing cumulative inflows to $154 million. Institutional demand hasnāt gone away.
#Zcash24å°ę¶äøę¶Ø8.5%
But donāt get carried away ā ļø Futures sellers still have a slight edge, and spot markets are also seeing active selling pressure. NU7 is a catalyst, but prices could pull back once the good news is priced in. For ZEC to hold its ground, watch whether it can break through the $1,320ā$1,400 resistance zone. Itās surging hardābut be ready for a pullback!
Come chat with us in the livestreamāweāre giving away Dogecoin š¶šš
Up 8.5% in 24 hours and near $1,260, itās leading the crypto marketās recovery!
This isnāt a random pump. The NU7 upgrade is scheduled for block 3543405, with launch expected on November 5. Block times will drop from 75 seconds to 25 secondsāthree times faster. And 60% of fees from each block will be taken out of circulation until theyāre returned in 2031, tightening near-term supply š
The money flow is adding fuel to the fire āļø About $120,000 in shorts were liquidated during the rally, with liquidations on Binance, Bybit, and OKX. Whales have opened 10x long positions on nearly 30,000 ZEC (about $37.57 million). One account with over $20 million in profits cut its short position from 3.17 million to 1.42 millionāa clear sign that bears are getting nervous.
$ZEC $BNB $ETH
Governance is also boosting confidence š³ļø The community voted with 2.4 million ZEC, supporting another four years of halvings by a 106-to-1 margin. The ZCSH ETF saw $1.6 million in net inflows in a single day, bringing cumulative inflows to $154 million. Institutional demand hasnāt gone away.
#Zcash24å°ę¶äøę¶Ø8.5%
But donāt get carried away ā ļø Futures sellers still have a slight edge, and spot markets are also seeing active selling pressure. NU7 is a catalyst, but prices could pull back once the good news is priced in. For ZEC to hold its ground, watch whether it can break through the $1,320ā$1,400 resistance zone. Itās surging hardābut be ready for a pullback!
Come chat with us in the livestreamāweāre giving away Dogecoin š¶šš
