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Zcash price drops 23% as Grayscale ETF sees $93M outflows, testing key support levels.

Market News
04 Oct 2026, 22:16 WIB
Bitcoin
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Bearish
Zcash price drops 23% as Grayscale ETF sees $93M outflows, testing key support levels.

Zcash (ZEC) price fell about 23% from its September 27 peak of $1,697 to around $1,335 by early October, driven by a sharp reversal in Grayscale's Zcash ETF (ZCSH) which saw $93 million exit in its first losing week. The ETF's outflows returned ZEC to the market, increasing supply and pressuring prices. Additionally, futures leverage unwound, reducing open interest from $3.4 billion to $2.5 billion, punishing late long positions. The critical price zone to watch is $1,270 to $1,300, which must hold to prevent further declines toward $1,155. Despite the setback, Zcash retains strong support from its privacy-focused community and the ETF remains net positive since late August, but the recent marginal buying pressure from the ETF has paused.

Zcash trades at Rp23.837.121 on Pluang as of Oct 05, 2026 02:31 WIB, showing a 1.96% gain in the last day despite recent price volatility. The market cap stands at Rp7,04 trillion with a 24-hour trading volume of Rp787,62 million. Notably, all Pluang order activity is currently sell orders, and the typical hold time is 107 days, highlighting cautious investor behavior following the ETF outflows mentioned in the news.

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