Reliance Global shift all di treasury go Zcash as ZEC drop 20%
Reliance Global Group don convert all dia digital asset treasury go Zcash (ZEC) after dem do strategic review wey Crypto Advisory Board and dia leaders (chairman Blake Janover, advisor Moshe Fishman, CEO Ezra Beyman) run. Di company talk say dem choose Zcash because e get optional privacy features, Bitcoin-derived UTXO architecture, and e design dey ready for compliance — na why dem put everything for am. Di move come as ZEC don drop almost 20% for di week; e dey trade around $490–$496 and don slip under di 20-day EMA for di last check. Market and on-chain indicators dey show say di sell-off dey lose momentum: 24-hour volatility don calm down, Open Interest still near $695M, funding rates negative (short bias) but no signs of aggressive leverage, and momentum indicators (RSI, CMF) dey show buying pressure dey fade and net capital dey flow out. Reliance call di allocation long-term institutional bet and dem gree say risks dey like liquidity constraints and regulatory shifts, and dem go give more updates for SEC filings. For traders: di big institutional endorsement fit boost ZEC story as privacy-focused, compliance-oriented asset and fit support price medium-to-long term, but short-term price action still weak — mixed derivatives and on-chain signals show positions never fully unwind and recovery fit happen if demand return. Key SEO keywords: Zcash, ZEC, digital asset treasury, institutional adoption, privacy coin, open interest, funding rates, EMA, RSI.
Neutral
Di market impact dey best classify as neutral. Positive factors: when one Nasdaq-listed company put full-treasury allocation na strong institutional endorsement for ZEC story (privacy features, UTXO model, compliance-ready design), e fit support medium-to-long-term demand and cred. Negative/near-term factors: ZEC don drop about 20% for the week and price fall under the 20-day EMA; funding rates dey negative and momentum indicators (RSI, CMF) show say buying strength dey fade and net outflows dey happen. Derivatives data (Open Interest near $695M) and low funding show say the sell-off no get aggressive leveraged liquidation, which reduce tail-risk but also mean limited immediate buying pressure. Net effect for traders: the upside narrative and institutional support give constructive backdrop, but short-term technicals and flow metrics keep price risk high until clear demand return or positions clearly unwind. So expect mixed short-term volatility with potential recovery if demand renews, and a cautiously constructive medium-term outlook depending on liquidity and regulatory developments.