Despite the price of ZEC recently falling below 400 dollars, Zcash whale accumulation has grown by 21 percent. This behavior suggests a renewed confidence on the part of large investors, who added 1.27 million dollars to their portfolios. The report was published on December 18, 2025, by analyst Aaryamann Shrivastava and edited by Harsh Notariya
Large investors take advantage of falling prices to strengthen their long-term positions in the current market. In this way, the market observes a significant absorption of sell pressure at current price levels. The conviction of large wallet holders seems to remain intact in the face of volatility.
Data from the Nansen platform reveals that wallets with more than one million dollars added 3,207 ZEC to their balances. This increase raises the group’s total holdings to 6,681 units of this digital privacy asset on the blockchain. Likewise, macroeconomic momentum indicators are beginning to align with this bullish trend observed on the chain.
The Squeeze Momentum indicator shows positive signals for the first time in more than three weeks of trading. Therefore, the reduction of current volatility usually precedes significantly sudden and fast movements in prices. The formation of a momentum squeeze suggests that a change in direction could be imminent.
On the other hand, the importance of this fact lies in whales acting as fundamental support during corrections. Strategic buying during periods of weakness mitigates the impact of massive sales by retail traders. Likewise, this milestone represents a clear divergence between current price action and market fundamentals today.
The accumulation of assets during price drops is a typical behavior of the most experienced investors. Therefore, this phenomenon temporarily solves the lack of demand at the most critical technical support levels. Zcash demonstrates significant institutional resilience despite the softness observed in the performance charts.
Could this increase in holdings push ZEC toward 500 dollars soon?
Zcash is currently trading near 396 dollars, finding itself just below the technical resistance of 403 dollars. The Parabolic SAR indicator still reflects bearish pressure by remaining above the current price candlesticks. However, the entry of institutional capital could push the asset’s value toward the next target of 442 dollars.
Overcoming this critical resistance would allow the cryptocurrency to seek psychological levels close to 500 dollars. In this way, investors expect a recovery that restores bullish confidence throughout the privacy ecosystem. The buying volume of large holders will be the main driver for any sustained rebound.
However, there are latent risks if bullish momentum fails to materialize before sentiment changes globally. Continued weakness could drag the asset toward the fundamental support located at 340 dollars per unit. In addition, if whales decide to change their strategy, the price could even fall to 260 dollars.
A deep drop would invalidate the current bullish thesis and confirm a much longer and more severe selling pressure. Therefore, analysts recommend closely monitoring the behavior of wallets with the highest volume of assets. The success of the bounce depends on the permanence of large-scale investor capital.
What factors will determine the next major breakout for Zcash price?
The near future of this asset will depend on the release of the volatility squeeze currently observed. The expansion of volatility with positive momentum usually generates fast price jumps with high trading volume. In addition, the ability to convert 442 dollars into solid support will be vital for future growth.
Future perspectives remain moderately optimistic thanks to the continuous support of the network’s large holders. Therefore, traders must be alert to any sudden change in the activity of the mentioned whales. The focus is on the weekly close to confirm the strength of this institutional movement.
Zcash is at a technical crossroads where internal data contradicts the external global market trend. Massive accumulation acts as a protective shield against economic uncertainty and recent panic selling. Likewise, it is expected that the network will maintain its utility as a pillar of privacy.
The privacy asset market remains a sector of great interest for investors seeking security. Therefore, the outcome of this accumulation phase will define the course of ZEC for the start of next year. The strength of the internal fundamentals will guide the next financial decisions of the majority of users.
