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ZEC is pulling back sharply, but the move looks more likeprofit-taking + leverage unwinding after a very fast rallythan a new negative Zcash-specific shock. ZEC briefly pushed above$1,600–$1,650, then dropped around6%+. The rally had been extremely strong, so traders locking in gains can create heavy selling pressure. Derivatives positioning also amplified the move; open interest in ZEC has fallen as leverage gets flushed. $ZEC #BTCPullbackAltRotation #USIranRiskPremium