@GoodTexture@Valorous_Cat Comparative Conclusion: BTC's second halving was a "Davis Double Play" (halving supply + surge in demand); while ZEC's current cycle is more like a "reversal of fortunes" (halving supply + slow recovery under mixed regulatory pressure).
@GoodTexture@Valorous_Cat ZEC (Current): Facing severe regulatory pressure. With tightening regulations on privacy coins in various countries (such as the delisting waves in the EU and South Korea), ZEC's performance is strongly suppressed by policy.