Why your read could line up with flows: - Ideological rotat…

Why your read could line up with flows:
- Ideological rotation: Disillusioned holders trim BTC exposure during drawdowns and express the privacy thesis directly (ZEC/XMR). Thin books mean even modest flows stand out.
- Censorship and surveillance worries: Headlines about chain analytics, KYC tightening, and mining/pool policy concerns tend to boost “privacy hedge” assets relative to BTC.
- Lightning trade‑offs: LN can work well, but UX, liquidity management, custodial hubs, and known probing/metadata leaks make some privacy‑minded folks skeptical. If they don’t trust the scaling stack, they may rotate on principle.