๐จ Zcash $ZEC is under heavy selling pressure!
Grayscaleโs U.S.-listed Zcash ETF $ZCSH reportedly saw $93.6M in outflows, marking its first major weekly redemption.
At the same time, $ZEC dropped around 23% from its recent high to roughly $1,300 ๐
The combination of large ETF outflows and the sharp price decline suggests that investors are taking profits after ZECโs huge run-up.
๐ด $93.6M ETF outflow
๐ 23% decline from the recent peak
๐ฐ ~$1,300 ZEC price
Big money is selling โ and the market is feeling the pressure.#BitcoinRejectedAt$87K $SPCX
Grayscaleโs U.S.-listed Zcash ETF $ZCSH reportedly saw $93.6M in outflows, marking its first major weekly redemption.
At the same time, $ZEC dropped around 23% from its recent high to roughly $1,300 ๐
The combination of large ETF outflows and the sharp price decline suggests that investors are taking profits after ZECโs huge run-up.
๐ด $93.6M ETF outflow
๐ 23% decline from the recent peak
๐ฐ ~$1,300 ZEC price
Big money is selling โ and the market is feeling the pressure.#BitcoinRejectedAt$87K $SPCX