The fund-flow data for October 25 sent a mixed signal: funds related to Zcash have returned to net inflows, but the price recovery remains smaller than the decline since the September high. For now, fund-flow and price signals are not fully aligned.
The data shows:
1. Weekly fund flows: Weekly data reported on October 25 showed net inflows of about $41.1 million into ZEC-related funds that week, following three consecutive weeks of net outflows. Another set of figures put the weekly inflow at about $42.09 million, including roughly $20.52 million in a single day. The figures differ, but the direction is consistent.
2. Price: Data for October 25 showed ZEC at about $1,193, up roughly 2.6% over 24 hours and 6% over the past 7 days, but down about 23% over the past 30 days.
3. Compared with the high: ZEC peaked at about $1,697 on September 27, putting the current price roughly 30% below that high.
4. Upgrade schedule: NU7 is targeted for activation around November 5, at block height 3543405. The target block interval will be shortened from 75 seconds to 25 seconds, and 60% of fees will go into the reserve mechanism.
It is worth noting that fund inflows have returned ahead of a price recovery. It remains to be seen whether fund flows stay positive next week and whether the network runs smoothly around the November 5 upgrade.
These are solely my personal views and do not constitute investment advice.
#Zcash $ZEC
The data shows:
1. Weekly fund flows: Weekly data reported on October 25 showed net inflows of about $41.1 million into ZEC-related funds that week, following three consecutive weeks of net outflows. Another set of figures put the weekly inflow at about $42.09 million, including roughly $20.52 million in a single day. The figures differ, but the direction is consistent.
2. Price: Data for October 25 showed ZEC at about $1,193, up roughly 2.6% over 24 hours and 6% over the past 7 days, but down about 23% over the past 30 days.
3. Compared with the high: ZEC peaked at about $1,697 on September 27, putting the current price roughly 30% below that high.
4. Upgrade schedule: NU7 is targeted for activation around November 5, at block height 3543405. The target block interval will be shortened from 75 seconds to 25 seconds, and 60% of fees will go into the reserve mechanism.
It is worth noting that fund inflows have returned ahead of a price recovery. It remains to be seen whether fund flows stay positive next week and whether the network runs smoothly around the November 5 upgrade.
These are solely my personal views and do not constitute investment advice.
#Zcash $ZEC