ZEC has been showing some interesting price action over the past couple of days: it’s holding above $1,215, up 2.67% in 24 hours. But what’s really turning heads is the $240,000 in net buying, combined with $410,000 in ETF inflows, which has sent market sentiment straight into Positive territory. Arthur Hayes’s early sell-off near $390 now looks like a textbook contrarian signal for a market bottom. Add to that the fact that the top 10 addresses hold 83% of the supply, and the circulating supply is extremely scarce. The risk is that more tokens can be issued at any time, potentially diluting existing holders. Bottom line: ETF inflows and highly concentrated holdings offer strong short-term upside, but dilution from new issuance remains a long-term concern.#ZEC #ETF inflows