Zcash’s accumulation prospects have been strengthened by a position of $13,65 million, which complements aggressive buying on the spot market during this latest price recovery.
The following is a list of Onchain LensOver the course of one week, a whale collected roughly 12,87K ZEC (worth around $13,65 million) from four main exchanges.
Note that the majority of these purchases came from Binance and OKX. Kraken and Gate also contributed to this accumulation. The whale then transferred 12,86K ZEC in a brand new wallet to complete the accumulation.
The whale’s position was subsequently removed from the original exchanges. Besides, the accumulation ZEC was attempting to arrive at stabilize The latest Price Drop is now available.
Whale activity is supported by spot buyers
Also, the whale’s accumulation was supported by the wider spot-market activities.
It is important to note that the word “you” means “me”. Spot Taker CVD The taker-buy phenomenon dominated, and this was a demand factor that was added to the accumulation of whales. This metric is used to determine whether the aggressive buyers and sellers of the market control the volume executed at the spot price over the period being measured.
This buyer dominance meant that market participants were increasingly willing to pay more than the price spread in order to purchase ZEC, rather then wait for lower prices. This activity was important because it broadened demand beyond the one whales’ purchases on the central exchanges.
Spot Takers CVD, on the other hand, showed a more aggressive approach to buying.
Both developments suggest that bulls have actively consumed the ZEC available during recent volatility.
The mining industry attracts more participants
Zcash’s improved fundamental backdrop was also supported by a more robust network economy.
The economics for Zcash also markedly improved, as a higher profit attracted an increased network participation through 2026.
Grayscale has estimated that Zcash mining rewards are nearing $2 million a day. This compares to roughly $35 millions for Bitcoin miner. Although According to the report, Zcash mining rewards were nearly double those of Bitcoin per machine. Grayscale’s comparison.
The ZEC protocol generates around four times the rewards of Bitcoin per Megawatt-hour. This improves its relative economics. Zcash Mining Activity: Profitability of Zcash increased By 2026, the increase will be more than 25%.
The mining-power chart also showed particularly rapid expansion during the latest phase of the year, thus complementing the demand-side developments.
ZEC’s Fifth Wave Awaits Confirmation
The 24-hour clock is displayed at the time of press. Zcash’s As Wave (5) was awaiting confirmation, the price structure completed all four phases of a Elliot Impulse wave.
Notably, wave (1) advanced towards the $850 region after breaking out of its consolidation range before Wave (2) retraced towards the $813.95 support zone.
The bulls then drove Wave (3) sharply higher, with the ZEC price reaching the $1,295–$1,298 resistance region. The third wave impulse wave was the strongest, and it met a condition that is critical for developing the motive structure.
Wave (4) pulled ZEC to the zone of $1,054.72 without crossing the Wave 1 peak and protecting the bullish series. At press time the Zcash price reversed from $1,138.89 to 62.37, while RSI cooled down to 62.37, from the recent conditions of overbought.
The five-wave cycle, however, still needs Wave (5) confirmation, and a sustained advance above the $1,295–$1,298 supply zone would strengthen that confirmation and open a path to the $1,500 possible target.
Alternatively, dropping below the $1054.72 level would cause the current wave counts to be challenged, increasing the possibility of an Elliott impulse wave that is truncated.
Final Summary
- The latest ZEC recovery was boosted by the demand for ZEC from whale accumulation and taker buyers.
- Wave 5 will confirm ZEC’s bullish cycle as the Elliott wave is now developing.
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Source: ambcrypto.com
