Zcash Falters on Weakening Fund Flows and Technical Weakness

Zcash is trading around $1,412 after three consecutive days of losses totaling approximately 15%.

The decline has paused, but weakening fund flows and bearish short-term indicators suggest buyers have yet to regain control.

Grayscale's Zcash fund, trading under the ticker ZCSH, recorded $8.12 million in outflows Monday, according to SoSoValue data.

This marks a change from the strong demand recorded earlier in its trading history, with ZCSH recording $21.83 million in net inflows during August and accumulating more than $250 million in its first month of trading.