$ZEC has crashed below the critical ,1000 psychological mark for the first time since September, dropping roughly 23% to 26% over the past week to trade around the 50–90 range. The sharp sell-off is driven by a combination of persistent institutional outflows—highlighted by a 4.6 million single-day withdrawal from Grayscale's Zcash ETF—and a cascade of leveraged long liquidations triggered by hotter-than-expected U.S. inflation data. Despite positive fundamental milestones like the recent NU7 network upgrade and Grayscale's million ecosystem grant pledge, market sentiment remains weighed down by treasury governance debates, leaving traders closely watching the 65–50 support zone while waiting for bulls to reclaim ,1000. $ZEC