$ZEC 🚨 ZCASH ETF WENT INTO THE RED FOR THE FIRST TIME: ARE INSTITUTIONS MERGING POSITIONS? 🚨
Euphoria is replaced by hard profit fixing. The hype fund on Zcash has recorded the first net capital outflow since its launch in August!
💥 The main shock digits of the week:
▪️ -$93.6 MILLION: that's how much investors withdrew from Grayscale Zcash Trust (ZCSH) in just 7 days.
▪️ Zero inflow: according to SoSoValue, since September 22, the fund has not received a cent - and two weeks before that, the inflow amounted to a record $98.2 million!
▪️ ZEC dump: the coin fell to $1,308. This is a drop of -17.5% for the week and almost -23% of the local peak of $1,690.
📉 What's going on?
Major players massively close profitable deals after a powerful summer rally. The lack of fresh capital and the withdrawal of institutional money immediately puts pressure on ZEC quotations.
Euphoria is replaced by hard profit fixing. The hype fund on Zcash has recorded the first net capital outflow since its launch in August!
💥 The main shock digits of the week:
▪️ -$93.6 MILLION: that's how much investors withdrew from Grayscale Zcash Trust (ZCSH) in just 7 days.
▪️ Zero inflow: according to SoSoValue, since September 22, the fund has not received a cent - and two weeks before that, the inflow amounted to a record $98.2 million!
▪️ ZEC dump: the coin fell to $1,308. This is a drop of -17.5% for the week and almost -23% of the local peak of $1,690.
📉 What's going on?
Major players massively close profitable deals after a powerful summer rally. The lack of fresh capital and the withdrawal of institutional money immediately puts pressure on ZEC quotations.
