zcash just lost the $1,000 handle
down almost 15% in a day and under a thousand for the first time since september
grayscale had pledged $1m to the ecosystem one day earlier
that is the whole story of this cycle in one candle
the narrative is fine, the positioning was not
privacy coins ran on a thin float and everyone tried to leave through the same door
my take: this is a reset, not a funeral, but a reset needs time
i want a reclaim of $1,000 on real volume before i care again
until then it is a chart i watch, not a chart i chase
down almost 15% in a day and under a thousand for the first time since september
grayscale had pledged $1m to the ecosystem one day earlier
that is the whole story of this cycle in one candle
the narrative is fine, the positioning was not
privacy coins ran on a thin float and everyone tried to leave through the same door
my take: this is a reset, not a funeral, but a reset needs time
i want a reclaim of $1,000 on real volume before i care again
until then it is a chart i watch, not a chart i chase
