Bitcoin ETF outflows are turning rising Treasury yields into a direct test for 
BTC price after Bank of America’s May Global Fund Manager Survey showed 
professional investors cut bond allocation to a net 44% underweight, the 
deepest positioning since June 2022, down from 33% underweight in April. At 
the same time, managers pushed global equity […]
The post New Bitcoin ETF outflows are exposing BTC to Wall Street’s most 
crowded trade appeared first on CryptoSlate.

Bitcoin ETF outflows are turning rising Treasury yields into a direct test for BTC price after Bank of America’s May Global Fund Manager Survey showed professional investors cut bond allocation to a net 44% underweight, the deepest positioning since June 2022, down from 33% underweight in April. At the same time, managers pushed global equity &#8230;

New Bitcoin ETF outflows are exposing BTC to Wall Street’s most crowded trade

BitMEX co-founder Arthur Hayes has suggested that Zcash (ZEC) could eventually 
reach 10% of Bitcoin’s market capitalization, a long-term bullish thesis on 
privacy coins rather than a near-term price forecast. Based on ZEC’s 
circulating supply of around 16 million tokens, that scenario would imply a 
price in the high four-figure range, roughly $8,000–$10,000, depending on 
Bitcoin’s valuation. A Chart Pattern Worth Watching On the technical side, 
traders point to a possible cup-and-handle pattern, but this is a subjective 
chart formation with no guarantee of outcome. Resistance is often cited around 
$625–$650, with some speculative projections suggesting a move toward $1,000, 
though this depends heavily on broader market conditions and is not a 
confirmed target. The target also lines up with ZEC&#8217;s 1.618 Fibonacci 
extension, drawn from a $745 swing high down to a $185 swing low. Privacy 
Coins Pull Ahead ZEC is not moving alone. Monero and Dash, both privacy- 
focused tokens, have also posted gains over the past month. But Zcash leads 
the pack. Reports indicate the coin climbed more than 80% in 30 days while the 
total crypto market cap barely moved — up just 0.2% over the same stretch. 
$ZEC update This thing is running its own bull market rn… gg I closed my 
short. Especially with $BTC sitting on support around $76k Even a small pump 
in Bitcoin makes ZEC go absolutely stupid right now https://t.co/xLs6ficv7l 
pic.twitter.com/obAhbnXqfp — SnorlaX お金 (@SnorlaxOnChain) May 18, 2026 In the 
past three days alone, ZEC added 18% as the broader market slipped 3%. That 
split has prompted some traders to say Zcash is running its own bull market. 
Growing demand for financial privacy appears to be the main force behind the 
move, pulling fresh interest into a coin that had been largely overlooked for 
years. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, 
Betting On Explosive Breakout Institutional Interest Adds Fuel Earlier in May, 
hedge fund Multicoin Capital disclosed it holds a position in ZEC. Around the 
same time, Robinhood added the token to its platform, opening it up to a wider 
pool of retail investors. Both developments landed at a time when the privacy 
narrative was already building. Hayes&#8217;s comment added another layer. His 
estimate was speculative — based on a market cap comparison to Bitcoin — but 
it drew attention and, according to data, ZEC&#8217;s value in Bitcoin terms has 
risen about 20.5% since he made the remark. Whether the cup-and-handle plays 
out or not, the coin has already proven it can move on its own terms. Featured 
image from Quicknode, chart from TradingView

BitMEX co-founder Arthur Hayes has suggested that Zcash (ZEC) could eventually reach 10% of Bitcoin’s market capitalization, a long-term bullish thesis on privacy coins rather than a near-term price forecast. Based on ZEC’s circulating supply of around 16 million tokens, that scenario would imply a price in the high four-figure range, roughly $8,000–$10,000, depending on &#8230;

Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle?

Ethereum privacy plan from Vitalik Buterin outlines AA, FOCIL, keyed nonces 
and Kohaku work to reduce metadata leaks and censorship risks.

Ethereum privacy plan from Vitalik Buterin outlines AA, FOCIL, keyed nonces and Kohaku work to reduce metadata leaks and censorship risks.

Vitalik Buterin maps 3-step Ethereum privacy upgrade

U.S. Senator Cynthia Lummis has warned that China and Europe are actively 
competing with the United States for leadership in cryptocurrency and digital 
asset development, urging Congress to accelerate pending crypto legislation. 
US Cannot Afford to Fall Behind China and Europe, Says Lummis Speaking on the 
state of U.S. crypto policy, Senator Lummis, one of […]

U.S. Senator Cynthia Lummis has warned that China and Europe are actively competing with the United States for leadership in cryptocurrency and digital asset development, urging Congress to accelerate pending crypto legislation. US Cannot Afford to Fall Behind China and Europe, Says Lummis Speaking on the state of U.S. crypto policy, Senator Lummis, one of &#8230;

Lummis Warns US Must Pass CLARITY Act Immediately or Cede Digital Asset Leadership to China and Europe

XRP holds near $1.37 as ETF inflows stay positive, Bybit deposits cool, and 
traders watch $1.50 resistance against $1.29 support.

XRP holds near $1.37 as ETF inflows stay positive, Bybit deposits cool, and traders watch $1.50 resistance against $1.29 support.

XRP selling pressure fades, but $1.50 still blocks bulls

Bitcoin price remained under pressure on Wednesday, but crypto analyst Ali 
Martinez believes the recent correction may actually be setting the stage for 
another rally toward $95,000 as key on-chain MVRV indicators begin flashing 
long-term accumulation signals. According to data…

Bitcoin price remained under pressure on Wednesday, but crypto analyst Ali Martinez believes the recent correction may actually be setting the stage for another rally toward $95,000 as key on-chain MVRV indicators begin flashing long-term accumulation signals. According to data…

New Bitcoin ETF outflows are exposing BTC to Wall Street’s most crowded trade

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