"Bet everything despite 20% plunge… All-in strategic reserve on Zcash (ZEC)"

The privacy coin Zcash (ZEC) has attracted concentrated institutional investor demand despite plunging more than 20% over the week. Reliance Global Group converted its Digital Asset Strategic Reserve (DAT) entirely into Zcash, rating its long-term value and structural strengths highly.

On the 27th (local time), according to AMB Crypto, Reliance Global Group, after review by its internal advisory committee, liquidated all existing digital asset holdings and shifted to a single-asset Zcash strategy. The company pointed to Zcash's Bitcoin-based structure, privacy architecture, and institution-friendly design as core competitive advantages. Ezra Beimon, chairman of Reliance Global Group, assessed that regulatory adaptability and the ability to guarantee privacy are suitable for a long-term strategy.

Market flows are mixed. Zcash has weakened, falling about 13–18% against major assets over the past week and is currently trading around $496. It fell below the 20-day exponential moving average (EMA), weakening short-term momentum, but the 50-, 100-, and 200-day EMAs remain below it, so the mid-term trend is seen as maintained.

Futures market indicators are mixed. Open interest (OI) is about $695 million and has only slightly decreased, with no large-scale liquidation flows. The funding rate turned negative, confirming a short bias in the short term, but leverage concentration was not excessive. 24-hour trading volume has remained stable, limiting the likelihood of a sharp further decline.

Technical indicators also do not point to a clear direction. The relative strength index (RSI) indicates a slowdown in buying but is not in oversold territory, while the Chaikin Money Flow (CMF) has turned to net outflows, signaling dominant selling pressure. However, if reduced volatility and eased market sentiment coincide, there is room for a short-term rebound if demand recovers.

It is unusual for institutions to choose a 'single-asset concentration' strategy, but this has served to strengthen Zcash's privacy narrative. There are also views that the divergence between price adjustments and on-chain indicators could amplify short-term volatility.