【Institutions bet on the privacy sector】Zach Pandl, head of research at Grayscale, delivered a talk titled “Macro Case for Zcash” at the Digital Asset Yield Summit in Singapore, saying that $ZEC could continue to expand its share of the privacy market as institutional interest in on-chain privacy heats up.
Signs of whale accumulation have also emerged on-chain: a new wallet withdrew 7,166 ZEC (about $9.67 million) from Coinbase within 12 hours, while the spot CVD indicator shows buyers remain in control.
In terms of price action, after testing $1,600–$1,700, $ZEC pulled back to around $1,295 to build support. The RSI has cooled to 49.65. The $1,370–$1,380 range is a liquidation-heavy zone and could be the first target for a rebound.
#Zcash #PrivacyCoins (Source: X)
Signs of whale accumulation have also emerged on-chain: a new wallet withdrew 7,166 ZEC (about $9.67 million) from Coinbase within 12 hours, while the spot CVD indicator shows buyers remain in control.
In terms of price action, after testing $1,600–$1,700, $ZEC pulled back to around $1,295 to build support. The RSI has cooled to 49.65. The $1,370–$1,380 range is a liquidation-heavy zone and could be the first target for a rebound.
#Zcash #PrivacyCoins (Source: X)