Google

#ZcashETFPostsFirstWeeklyOutflow$93.6M 📉 "Zcash ETF Signals Shift: $93.6M Outflow Triggers First Weekly Net Withdrawal Since August Launch" 📊🔻 For the first time since launching in August, spot Zcash (ZEC) investment products have recorded a weekly net outflow. Institutional momentum appears to be taking a breath after weeks of sustained accumulation. $ZEC According to data tracking fund movements, investors withdrew $93.6 million from Zcash products over the past week as price action cooled down across privacy-focused digital assets. 🔍 Key Takeaways from the Flow Inflow Momentum Stalls: While Grayscale’s ZCSH attracted a massive $98.2 million two weeks prior, no fresh daily net inflows have been recorded since late September. Single-Day Liquidation Peak: A notable portion of the pullback came on September 30, when U.S. spot ZEC ETFs logged $30.25 million in net daily outflows. Price Pullback Correlation: ZEC traded around $1,308, reflecting a ~17.5% weekly drop and roughly 23% down from its recent local high near $1,690. 🎯 Key Technical & On-Chain Levels to Watch: Immediate Support: $1,280 – $1,300 Major Resistance to Reclaim: $1,450 – $1,500 Institutional Threshold: Resumption of positive daily net inflows into ZCSH to confirm buyer confidence. Despite short-term ETF redemptions, overall fund scale remains notable relative to early launch metrics. Traders are now watching closely to see if $1,300 acts as strong support before institutional buyers return. 👇 What’s your take on ZEC? Is this weekly outflow a healthy profit-taking dip before the next leg up, or are you waiting for lower entry levels? Share your play below! 💬👇 #GreekPoliceBustCryptoScamRingArrest17 #BitcoinRejectedAt$87K #zec