Bitcoin and Ether faced significant headwinds in Q4, each tumbling over 22% as the market failed to deliver on December's long-hyped Santa rally narrative. The weakness suggests broader caution among investors heading into year-end.
Meanwhile, institutional players are making calculated moves. Cypherpunk, backed by the Winklevoss twins, deployed $28 million to accumulate Zcash, securing roughly 1.8% of total supply in the process. This substantial position signals confidence in the privacy-focused asset and hints at strategic conviction amid market volatility.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
4 Likes
Reward
4
6
Repost
Share
Comment
0/400
StillBuyingTheDip
· 5h ago
Dropped another 22%? Santa rally? Is he unemployed? Forget it, let's just keep buying the dip. Anyway, the cheap stuff—Winklevoss brothers are also scooping up Zcash, I can't be too bad at this.
View OriginalReply0
MetaverseLandlord
· 5h ago
If I had known Santa would flake... I would have been cut again.
View OriginalReply0
SatoshiChallenger
· 5h ago
Ironically, the Santa rally didn't come, but Winklevoss came to buy the dip in privacy coins. Spending 28 million to buy 1.8%, I wouldn't believe it's not a desperate vote against the market.
View OriginalReply0
BackrowObserver
· 5h ago
Haha, the Santa rally is gone again. I'm used to it already.
View OriginalReply0
VitalikFanAccount
· 5h ago
A 22% decline, Santa's rebound has become a joke, but the Winklevoss brothers are still frantically accumulating Zcash at this time, now that's a true player.
View OriginalReply0
VitalikFanboy42
· 5h ago
Another "Santa Claus rally" has collapsed. Where's the promise?
The Winklevoss brothers' move to buy Zcash is quite hardcore; spending 28 million is a bet on the future of privacy coins.
Bitcoin and Ether faced significant headwinds in Q4, each tumbling over 22% as the market failed to deliver on December's long-hyped Santa rally narrative. The weakness suggests broader caution among investors heading into year-end.
Meanwhile, institutional players are making calculated moves. Cypherpunk, backed by the Winklevoss twins, deployed $28 million to accumulate Zcash, securing roughly 1.8% of total supply in the process. This substantial position signals confidence in the privacy-focused asset and hints at strategic conviction amid market volatility.