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ZEC's spot demand is absolutely wild right now—reminds me of those crazy bull run days. What's fascinating is how price keeps climbing even with constant selling pressure on the ask side. It's literally bulldozing through every resistance level.
Here's the kicker: funding rates stayed negative throughout this entire rally. That tells you something powerful—spot buyers are so aggressive they're overwhelming the perp market, basically forcing short positions into uncomfortable territory. When you see this divergence between spot strength and negative funding, it usually signals genuine accumulation rather than leverage-driven pumps.
The price action speaks for itself. Pure spot-driven momentum.