Privacy coins like Zcash and Monero have shown significant weakness recently, particularly after Bitcoin topped out at the 126k level on October 6th. This underperformance is actually healthy for the broader crypto market ecosystem.

Here's why: privacy-focused assets typically underperform during bull market peaks—they're traditionally bear market trades that accumulate value during downtrends. The current chart action reflects this cyclical pattern clearly.

That said, Monero is likely to catch a relief bounce when the broader downtrend eventually stabilizes. The weakness now doesn't negate the importance of privacy tech in Web3, it just means the market has rotated away from privacy-centric narratives in this particular cycle.

For traders watching these names, the technical setup suggests lower accumulation zones could be attractive before the next leg up.