Today, Friday, November 13, 2026, my report on the crypto ecosystem begins by noting that the market is experiencing a day of heavy capitulation and a “red Friday,” marked by massive liquidations in derivatives and accelerated institutional outflows.
Meanwhile, Zcash (ZEC) is experiencing a marked divergence between its short-term price weakness and several key announcements about its development and governance.
Today, Bitcoin and Ethereum broke through support levels: Bitcoin (BTC) lost the psychological $70,000 support level, falling nearly 5% over the past 24 hours to the $68,600–$69,100 USD range (touching lows not seen since before August). Ethereum (ETH), meanwhile, broke below the $2,000 USD barrier, trading at around $1,915 USD.
The loss of key support levels for BTC and ETH triggered forced liquidations totaling more than $1.41 billion in 24 hours, nearly 89% of which involved leveraged long (bullish) positions.
Spot cryptocurrency ETFs have seen $1.49 billion in outflows over the last six sessions. Adding to this was the news that index provider MSCI excluded Strategy (formerly MicroStrategy) from its global indexes, reclassifying it as an investment fund. The Fear & Greed Index plunged to 20 points (fear ⬆️and greed ⬇️extremes), accompanied by a contraction in the supply of stablecoins.
Meanwhile, altcoins such as Zcash have had an especially intense week, with a drop greater than the market average (down between 25% and 28% in 7 days), contrasting with significant activity in its ecosystem and its performance.
Today, ZEC is also trading around $905–$945 USD. Daily volume remains 14% above its monthly average, with a daily RSI near 35.8 (approaching oversold territory). Traders are closely watching the $890–$900 USD support; if it breaks, the next technical floor is around $785 USD. And we’ll keep bringing pineapple.🍍
A word of caution 👁️: even though spot Zcash ETF volumes are now being tracked live as an institutional indicator, Grayscale’s fund (ZCSH) recorded net outflows of $14.61 million in a single day this week (its largest withdrawal since mid-October). This explains why ZEC fell abruptly and more sharply than other privacy coins such as Monero.
But it’s not all bad. On November 10, Grayscale launched Zcash Invest (an educational platform) and committed $1 million to fund the network’s development and promotion (with the first $400,000 already allocated to four organizations). In addition, the firm’s recent reports highlight sustained growth in the number of active developers working on and with Zcash.
Another piece of good news is that a key community vote starts in three days to decide whether 50,000 ZEC should be temporarily withdrawn from the Zcash Community Grants (ZCG) treasury and transferred to the Network Sustainability Mechanism (to be gradually redistributed through mining rewards), and whether some future emissions should be redirected to a development and legal defense fund.
Last but not least, the NU7.1 technical proposal circulated this week. This upgrade aims to reduce the time between blocks from 25 to 20 seconds without changing daily issuance, alongside the development of Tachyon (focused on improving the scalability and user experience of shielded payments in wallets).
This brings my piece to a close. I’ll note that it has been a tough week for us, mostly involving exits at a loss. Even so, the market and its movements tell us that we must keep moving forward and that we are in the right position.
I hope you enjoy this summary. Best regards.👋🏻
