Zcash is making a major move, and there are several factors driving it. New High is also formed few minutes ago Just hit 875$ The move is mainly being driven by 3 key factors: ZEC ETF Narrative Grayscale’s push toward a spot ZEC ETF is creating expectations of institutional demand and easier access to Zcash.Institutional & Whale Buying Large potential purchases are creating strong demand in a relatively limited-liquidity market, amplifying price movement. Short Squeeze As $ZEC breaks higher, heavily shorted positions are being liquidated. Those liquidations force traders to buy back ZEC, creating additional upward pressure.
1 - ZEC ETF Narrative Grayscale’s push toward a spot ZEC ETF is creating expectations of institutional demand and easier access to Zcash.
2- Institutional & Whale Buying Large potential purchases are creating strong demand in a relatively limited-liquidity market, amplifying price movement.