Zcash Consolidates Near $1,400 as Whales Pull $28M Off Exchanges and ETF Sees $30M Outflow
- —ZEC closed September 30 near $1,414 after touching $1,362 intraday
- —A whale withdrew 24,706 ZEC worth $28.17 million from Binance and Gate at an average of $1,140
- —U.S. spot Zcash ETFs saw a $30.25 million net outflow on September 30
- —Cumulative inflows into Zcash ETFs remain positive at roughly $268 million
Why it matters: ETF redemptions weigh on price, but exchange withdrawals tighten available supply — $1,400 is the key level to watch for ZEC's next move.
Source: Brave New Coin