$ZEC is back above $800, but the rally isn’t risk-free. 👀
$ZEC pushed as high as $858, with Grayscale’s ETF push adding fuel to the move.
The key level now is $761 support. If it holds, bulls could challenge $820–$840, with $858 still the major resistance.
One thing to watch: derivatives activity is extremely high, so volatility can cut both ways.
China's buying way more gold than they're letting on.
Official numbers for June: +15 tonnes
Actual purchases via London OTC market: +40 tonnes
That's 167% more than what they reported. Same story in May — officially +10 tonnes, but closer to +48 tonnes through OTC channels.
In July, they officially added +20 tonnes, the biggest monthly buy since October 2023.
Year-to-date official total: +60 tonnes, bringing their reserves to a record 2,366 tonnes.
But here's the kicker: just May and June a...