ZEC is trading like Gold and Silver
Zcash was the real digital Gold all along

Whales are selling LESS for the FIRST TIME since August
Good sign, but doesn't mean we are close to a bottom and doesn't mean we won't dump on the market as soon as we get above $100K again
Whatever the case is, BTC is approaching good buy zones for the long term

This is not good
First time in 2 years where Stablecoin supply is dropping
Stablecoin supply dropped from $309B to $304B
This matters because stablecoin growth means there is more liquidity in the system for Bitcoin to pump
- USDe supply down ~$7B from peak
- USDT remains at around ATHs
- USDC down $1.5B from peak
I would be more worried if Tether was the driver of this drop, the problem is that it also stopped growing in the past month

Can anyone explain why Tether Gold has $14B volume in the last 24 hours?
Gold doesn't even trade on a weekend or am I missing something

Zcash is doing almost as much volume as XRP, a 14x bigger token
It's also not far from Solana's volume
To those saying it's a manipulated rally, it doesn't seem like it

This is an insane stat
Almost $40 BILLION worth of flows into crypto from July to September
DATs carried Bitcoin up while OG whales sold all they wanted, in October the shops closed and with the 10/10 crash it got ugly very fast
The big risk is that some of these companies will start selling eventually, and there's no real bid to sustain it