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Zcash rebounds after June 5 dip near $250 as spot flows turn positive and ZEC tests $500
Zcash (ZEC) drew fresh attention after rebounding from a low near $250 on June 5 to as high as $470 in early trading, as spot demand shifted back toward net buying. Spot netflow swung from net selling of $17.23 million three days ago to net buying of $118.13 million over the past day, while June 9 showed $99,000 in total buys in the first eight hours. Even with improving sentiment and higher hashrate, a negative perpetuals funding rate of about -0.0700% suggests downside risk could still cap a push toward $500.