zcash just lost 1k for the first time since september
#ZcashFallsBelow$1000ForFirstTimeSinceSeptember
NU7 went live friday, grayscale pledged money to the ecosystem yesterday, and $ZEC still led the big coins lower after the hot cpi print. monero went green today, so it reads like rotation inside privacy, not a sector dump
my read, zec perp open interest is climbing again while price slides, so fresh shorts are leaning on it. thats fuel both ways. if $BTC steadies, a squeeze back over the round number is on the table. if btc keeps bleeding, shorts get paid and etf outflows add supply
im watching for an hourly reclaim of 1k with oi dropping
does zec win back 1k before btc finds a floor ?
#ZcashFallsBelow$1000ForFirstTimeSinceSeptember
NU7 went live friday, grayscale pledged money to the ecosystem yesterday, and $ZEC still led the big coins lower after the hot cpi print. monero went green today, so it reads like rotation inside privacy, not a sector dump
my read, zec perp open interest is climbing again while price slides, so fresh shorts are leaning on it. thats fuel both ways. if $BTC steadies, a squeeze back over the round number is on the table. if btc keeps bleeding, shorts get paid and etf outflows add supply
im watching for an hourly reclaim of 1k with oi dropping
does zec win back 1k before btc finds a floor ?
