$ZEC Analyze the reasons behind ZEC’s blowout rally

Earlier, the ZEC spot ETF application was submitted. The SEC ended its investigation into Zcash, with no penalties and no charges. This clears the biggest regulatory hurdle, and the market expects the ETF to be approved soon, prompting institutional funds to accumulate in advance. Grayscale ZEC trust inflows have surged by 200 times, and the compliance channels on Wall Street are opened.
The EU plans to ban anonymous transactions in 2027. Privacy becomes a scarce commodity. Whale capital pours into privacy coins. XMR faces doubts after a 51% attack, and funds shift to the compliant privacy leader ZEC.
In November 2025, the third halving is completed. The block reward is cut from 3.125 to 1.5625 ZEC, and daily output is halved.
With a total supply of 21 million, the scarcity in circulation increases, and capital moves to preemptively trade the “halving rally.”
Optional privacy (shielded pools) + zero-knowledge proofs—balancing privacy and compliance—are what institutions like most.
In a long-term bear market, prices consolidate and accumulation of positions becomes highly concentrated, so selling pressure during rallies is small.
With relaxed regulation + ETF expectations + privacy demand + halving-driven scarcity + institutions + KOLs, six factors stack together, leading to a 10x-level rally.#比特币ETF期权持仓限额增4倍