Bitcoin sees $24.6M outflow in 5 hours as Zcash absorbs $9.7M
- —Fiat inflows: $17.2M in USD and $2.25M in KRW over five hours
- —Zcash drew $9.7M, Ethereum $6.2M and XRP $6.2M
- —Bitcoin saw $24.6M leave, Ethereum $12.8M
- —Stablecoin destinations included $31.1M in USDT and $10.3M in USDC
Why it matters: Capital rotating out of Bitcoin into Zcash and altcoins signals a shift toward privacy-focused assets.
Source: TokenPost