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Zcash plunges 16%, triggering $28M in liquidations amid volatile market swings

Market News
11 Sep 2026
UToday
View Source
Bearish
Zcash plunges 16%, triggering $28M in liquidations amid volatile market swings

Zcash (ZEC) experienced a sharp 16% price drop after a rapid rally above $1,200, causing a liquidation spree totaling $28.37 million, mostly from long positions. This sudden reversal highlights the risks of leveraged trading as bullish traders were caught off guard. Despite the sell-off, ZEC remains above key moving averages, suggesting potential support around $1,050–$1,100. The market may see further volatility until buyers regain control and stabilize prices.

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