The tape on $ZEC is flashing a massive divergence at $1,604.
A massive +$28.78M in Futures Net Inflows drove the initial pump off $1,433.
After taking profits for an hour (-$4.2M outflow), derivatives buyers just slammed +$3.05M back into the market in the last 5 minutes to hold the $1,600 level.
Spot $ZEC flows are steadily positive (+$2.1M over 4 hours), but they are heavily outweighed by futures leverage.
When futures inflows outpace spot buying by 13-to-1, volatility is guaranteed.
#ZECUSDT
A massive +$28.78M in Futures Net Inflows drove the initial pump off $1,433.
After taking profits for an hour (-$4.2M outflow), derivatives buyers just slammed +$3.05M back into the market in the last 5 minutes to hold the $1,600 level.
Spot $ZEC flows are steadily positive (+$2.1M over 4 hours), but they are heavily outweighed by futures leverage.
When futures inflows outpace spot buying by 13-to-1, volatility is guaranteed.
#ZECUSDT
