Zcash (ZEC) 24-hour volatility at 21.3%: Driven by resurgence in privacy demand and ETF rumors

Volatility Brief

Over the past 24 hours, ZEC’s price rebounded from a low of $325.01 to a high of $394.29, currently quoted at $378.49. The overall increase is about 16.3%, with amplitude reaching 21.3%. 24-hour trading volume surged to approximately $890 million, up 94.2% from the previous day, showing clear signs of net capital inflow. Market capitalization rose to around $6.19 billion.

Analysis of Abnormal Movement Reasons

- Soaring Privacy Demand: On September 4, ZEC rose 15% in a single day, extending its monthly gain to 65%, driven by strong demand for privacy coins. The shielded supply ratio increased from 11% to over 30% within a year.

- ETF Expectations & Institutional Activity: Market rumors about Grayscale ETF filing and the end of SEC investigation, combined with whales accumulating over $3.4 million worth of ZEC, supported a price breakout.

- Geopolitical Easing Catalyst: News of a ceasefire in Iran (April 8) triggered renewed risk appetite, with the privacy coin sector leading gains and ZEC at the forefront.

Market Views and Outlook

The mainstream market sentiment has turned cautiously optimistic, with community discussions focused on institutional entry and trend reversal. Analysts predict that if the $330-394 resistance is broken, ZEC could test $400. Views on X platform emphasize “institutional conviction” and “bear market traps,” but warn of risks from leveraged long positions and macro retracement pressures.