According to CoinMeta and 10xResearch, Zcash ( ZEC-USDT ) is currently below the 7-day moving average, indicating a bearish trend, but it is above the 30-day moving average, suggesting a bullish outlook. The price has increased by 19% in the past week. The fund management scale of Zcash's newly launched ETF spot product has exceeded 500 million US dollars. Market liquidity and purchasing interest have been further enhanced by a ZEC reward that distributed millions of dollars in tokens based on Solana. Recent liquidation events triggered a sharp short squeeze, forcing the closure of millions of dollars in bearish leveraged positions and accelerating price increases. The demand for privacy-preserving assets has risen against the backdrop of concerns regarding AI-driven surveillance and CBDC's launch.