The cryptocurrency market has always been highly sensitive to the movements of whales, especially in the realm of privacy coins represented by ZEC. The recent phenomenon of large withdrawals by whales has become the core focus of market attention. According to on-chain data, a leading exchange has monitored multiple large ZEC withdrawal transactions in the past 24 hours, with each withdrawal amount exceeding a thousand ZEC, and the cumulative withdrawal scale reaching tens of thousands, accounting for over 0.5% of the current circulating supply. This concentrated withdrawal behavior often conveys a clear market signal that whales are optimistic about ZEC's short-term trend, choosing to transfer assets out of the exchange for long-term holding or other arrangements.
From a market logic perspective, large withdrawals by whales directly reduce the circulating supply of ZEC in exchanges. Given relatively stable demand, a contraction in supply will inevitably support the price. Looking back at ZEC's historical trends, similar whale withdrawal events have led to varying degrees of price increases in the short term. For example, after a large withdrawal in Q4 2023, ZEC's price increased by over 15% within 72 hours. Currently, the overall market sentiment is cautious, and the privacy coin sector is under close scrutiny due to changes in policy expectations. As a mainstream cryptocurrency within the privacy coin category, this whale withdrawal undoubtedly injects strong confidence into the sector. For ordinary investors, it is important to pay close attention to the movements of whales after the withdrawals and whether the market trading volume can increase in tandem; if both resonate, ZEC's short-term upward momentum will be further enhanced.@男神说币 #巨鲸动向 $BTC
