People keep wondering how the
$ZEC move continues extending after every pullback.
The latest participant data makes it pretty obvious why.
Mid-sized CVD, representing trades between $10K and $100K, is still printing new highs.
Retail-sized trades below $10K and institutional-sized trades between $100K and $10M are now aggressively buying alongside them.
The last time we covered this data, mid-sized participants were carrying almost the entire rally while everyone else watched from the sidelines.
Now, for the first time during this run, all three cohorts are pushing higher together.
Pretty interesting how the participants who missed most of the rally from $400 are being forced to buy
$ZEC above $1,500.