المنشور

ZEC's institutional bid and futures flush measure different kinds of conviction. The reported DCG allocation of around $100M contrasts with $28.37M in 24-hour liquidations, mostly longs, but those figures are not a net demand calculation. My read: the stronger test is whether ETF and spot demand persists after forced selling fades. Less leverage alone does not establish a durable floor. #ZECFlowsVsLiquidation