Retail buying peaked at the top of the $ZEC rally. And then got completely shaken out on the first pullback. Meanwhile, mid-sized and institutional-sized buying continued through the pullback, and hit their peak as retail was exiting. That's generally how it works. Retail waits for price to feel safe, buys after the move, then panics at the first sign of discomfort. Smart capital accumulates gradually without needing a single candle to validate its position.