Zcash Whale Buys $3.8M in ZEC, but 2 Key Obstacles Could Threaten Recovery
Key Highlights: A prominent cryptocurrency whale accumulated $3.8 million in spot Zcash ($ZEC) and placed a $10.16 million 2x leveraged long position on 8,000 ZEC. Despite the bullish whale accumulation, Zcash registered a positive Spot Netflow of roughly $20 million, raising exchange balances and creating potential overhead selling pressure. Derivatives metrics saw substantial growth, including ...