Zcash<\/strong> has just gone through 48 hours that have profoundly changed market perception around this privacy-focused asset. On October 17, when Bitcoin<\/a> broke the psychological support level of $105,000<\/strong>, ZEC plunged to $190<\/strong>, recording an intraday correction of 20%<\/strong>. This brutal volatility could have sparked panic, but instead triggered an immediate reaction from institutional investors and seasoned traders who spotted an accumulation opportunity at deeply oversold levels.<\/p>\n\n\n\n The question now: is this just a technical bounce or are we witnessing the beginnings of a structural reversal supported by solid fundamentals? Recent data from the Grayscale fund and the evolution of the privacy pool provide particularly instructive answers<\/strong>.<\/p>\n\n\n\n The figures speak for themselves. Grayscale’s Zcash fund has recorded $46 million in net inflows this month,<\/strong> marking a resurgence in institutional interest rarely seen for this asset. For context, Grayscale traditionally represents a reliable barometer of qualified investors’ appetite for alternative cryptocurrencies<\/a>. These capital inflows<\/strong> come precisely when the price was testing critical support levels, suggesting a deliberate accumulation strategy rather than simple trend-following behavior.<\/p>\n\n\n\nGrayscale Inflows: A Major Institutional Signal<\/h2>\n\n\n\n