Zcash (ZEC) may have endured a painful week with a 20% price decline, but fresh institutional confidence has injected new momentum into the privacy-focused cryptocurrency.
A new Digital Asset Treasury (DAT) update from Reliance Global Group has provided a significant boost. The company revealed that it has shifted its entire DAT exclusively into ZEC, fully exiting all other crypto positions following a strategic review by its Crypto Advisory Board.
Reliance Global Makes Full ZEC Allocation
The board concluded that Zcash offered the strongest long-term value proposition among all assets previously held. The company highlighted Zcash’s privacy-preserving architecture, Bitcoin-based foundation, and compliance-oriented flexibility as its core advantages.
In a public statement, Ezra Beyman, Chairman and CEO of Reliance Global Group, explained the decision:
“As we evaluated the rapidly evolving digital asset landscape, it became clear that Zcash’s privacy architecture and institutional flexibility align more closely with our vision than a diversified crypto portfolio.”
The move follows recent strong performance from ZEC, previously reported by CryptosNewss, which noted notable gains over the past three months.
Market Pressure Mounts Despite Institutional Vote of Confidence
While the DAT shift supports long-term sentiment, near-term pressure on ZEC remains visible. Across major trading pairs—including BTC, ETH, SOL, and BNB—Zcash fell 13–18% over the week, signaling broader weakness.
Market metrics paint a cautious picture:
- •Open Interest remains near $695 million, showing traders haven’t exited aggressively.
- •Funding rates remain negative, indicating a persistent short bias.
- •No major leverage unwind is visible, suggesting controlled but bearish sentiment.
Technical Indicators Show Weak Momentum
At press time, ZEC trades around $496, extending its weekly decline beyond 20%.
Key indicators include:
- •Price broke below the 20-day EMA, showing weakening short-term momentum
- •50, 100, and 200-day EMAs sit far lower, keeping the long-term trend intact
- •RSI signals fading buying strength, not yet oversold
- •CMF shows negative capital flow, confirming rising sell pressure
ZEC spent the week consolidating under stress, but analysts note room for recovery if demand strengthens—especially with a major entity doubling down on long-term confidence.