Recently, there has been a noteworthy phenomenon: a mysterious wallet withdrew 30,000 ZEC from an exchange in a single transaction nine hours ago. Based on the current price, this transaction's scale exceeds $13 million. What does this level of large withdrawal really signify? Is it that funds are quietly accumulating due to confidence in the medium- to long-term prospects, or are there other considerations?



From a news perspective, large asset withdrawals from exchanges typically reflect an "HODL" intention rather than a "sell-off." This indicates that institutions or major holders are accumulating chips and are relatively optimistic about ZEC's future. However, it’s important to note that large buy-ins do not necessarily translate into immediate price surges. The common tactic of major market players is to perform repeated shakeouts before a rally, shedding those with weak resolve who follow the trend.

Technical analysis provides clearer insights. On the four-hour chart, several key signals are present: the MACD has formed a bullish crossover above the waterline, which is often seen as a sign of a bullish start; the price is trading above the moving average system, indicating an overall upward channel; resistance levels are set at 460 and 485, with support levels at 420, 380, and 350 in sequence.

Currently, the price is consolidating around 447, not far from the first resistance at 460. Historical experience suggests that the first touch of a resistance zone often results in a pullback or shakeout. If large withdrawals are a signal of institutional entry, then the MACD bullish crossover confirms this from a technical perspective—resonance between these two signals indicates that a medium-term bullish trend is brewing.

The expected rhythm might be as follows: in the short term, encountering resistance near 460, then pulling back to around 420 to seek support. If this support holds, it provides an opportunity for a second entry. This wave of market movement won't be a straight shot, but the overall direction should be upward.
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RooftopReservervip
· 10h ago
$13 million quietly entering the market, this guy's really bold, betting on ZEC's turnaround --- MACD golden cross + large withdrawal, this combo is probably trying to trick us into entering the market haha --- It's both a shakeout and a support level, in plain terms, the main force is accumulating, and we retail investors can only follow the rhythm and dance --- The position at 447 feels a bit weak, I just want to see if 420 can hold, if not, it will drop straight back to 350 --- 30,000 ZEC eaten in one bite, how confident must they be? Or maybe the account has issues and they are offloading, who knows --- Historical experience? Will history repeat itself? Last time the support didn't hold either, just follow the play and it's over --- Confirming a golden cross for a bullish trend? That's the right time for a golden cross, but when it's wrong, it's just a fake-out, don't take it too seriously --- Around 460, it will probably be a tug-of-war, let's see if the main force is willing to push higher --- To build a position or to run away, the mysterious wallet never tells the truth, following the trend will only end up with us taking the bag --- If this wave follows the predicted rhythm, I’ll just shit my pants, none of the previous forecasts have ever been accurate
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ProxyCollectorvip
· 10h ago
The big whale invested 13 million USD, and the institutional bottom-fishing signal is so obvious that it feels like it's about to rise.
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MEVHuntervip
· 10h ago
$13 million big move, definitely worth paying attention to. But what I care more about is the mempool movement after this money leaves the exchange; the arbitrage opportunities in financial liquidity often hide in the details. I'm tired of the wash trading tactics; mainly, I want to see if on-chain data can hold up at 420. True signals should be inferred from gas optimization and flash loans, not just focusing on candlestick charts. Technical resonance and such... sounds good, but we all know the main players' logic — repeatedly harvesting profits to build positions. I bet 460 will be tested again. By the way, if this wave can really stabilize, arbitrage opportunities will arise. Unfortunately, with the current intense gas wars, running arbitrage bots is quite costly, so you need to do the math carefully.
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