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Privacy coin ZEC jumps sharply as traders rotate risk into alternatives
Zcash gained strongly as traders moved exposure into privacy coins during volatile weeks, pushing gamma heavy derivatives activity and short-term speculative flows.
Zcash surged over 18% in the past 24 hours and briefly crossed the $410 zone, signalling renewed speculative attention toward privacy oriented tokens. Traders say rotation into non-BTC majors has risen this week amid unpredictable Bitcoin volatility clusters and lower short-term directional conviction. On derivatives, options skew has picked up, driven primarily by high-gamma weekly strikes. Analysts expect sentiment to remain momentum driven and extremely event sensitive in short windows, especially heading into US macro catalysts and ETF flow direction changes.