ZEC Whale Deposits $35.75M to Binance as Market Sweep Sets Up Potential Upturn

Key Insights:

• A whale transferred 74,002 ZEC worth $35.75M to Binance, placing short term focus on exchange liquidity and ZEC trading activity.
• Lookonchain data showed a large ZEC inflow to Binance, while price action stayed stable after a strong rally from yearly lows.
• Analysts tracked ZEC structure and liquidity levels as a major exchange deposit appeared without immediate price disruption.

Large blockchain transfers often draw market focus, and today Zcash entered that space. A single whale moved a sizable ZEC amount to Binance, while traders debated structure and liquidity. The event placed on-chain data and technical views together, shaping short-term market attention across global crypto circles.

ZEC Whale Transfer Draws Attention on Binance

On-chain data showed a whale depositing 74,002 ZEC to Binance during the trading session.

The transfer value stood near $35.75 million based on prevailing market prices. Such movements usually attract attention because exchanges provide direct access to liquidity.

The transaction was shared publicly by Lookonchain through its blockchain monitoring channels. Lookonchain tracks large wallet activity across major networks and centralized exchanges. Its updates are often used by analysts seeking early signals from on-chain behavior.

As a result, the ZEC transfer quickly circulated across trading desks and social platforms.

Price Structure and Liquidity Zones 

ZEC price action recently showed a strong rally from earlier yearly lows. The asset moved sharply higher and formed a rounded recovery structure on higher time frames. This structure kept traders focused on support and liquidity zones near recent swing levels. Short-term participants watched price behavior rather than reacting only to the deposit.

ZEC Price Action | Source: CoinMarketCap

Moreover, Eliz shared a technical view tied to liquidity behavior and market structure. The approach avoids buying directly at visible support levels during strong trends. Instead, it waits for the price to move below recent lows and reclaim higher levels. This method focuses on clearing early positions before renewed directional movement.

Market Context and Near-Term Conditions

The whale deposit arrived during a period of elevated volatility across digital assets. Bitcoin dominance and total market value showed mixed movement during the same session. These broader conditions often influence how individual token flows are interpreted. ZEC trading volume rose slightly, while price remained within its recent range.

Exchange inflows alone do not confirm selling or buying intent by large holders. Assets may move for custody changes, derivatives access, or internal portfolio shifts. Analysts therefore combine on-chain data with price structure and volume behavior. This combined view helps frame ZEC activity during periods of strong market focus.