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Zcash drops 7.3% amid $30M ETF outflow and market uncertainty, but trend remains bullish.

Technical Signals
01 Oct 2026
Decrypt
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Neutral
Zcash drops 7.3% amid $30M ETF outflow and market uncertainty, but trend remains bullish.

Zcash (ZEC) fell 7.29% to $1,333.50, down 21% from its late September peak after a strong 253% rally. The Grayscale Zcash ETF saw a $30.25 million net outflow on Sept. 30, though cumulative inflows remain positive at $268 million. Market uncertainty, including a major $387 million hack on Bitget exchange and cooling momentum indicators, weigh on sentiment. However, technical analysis shows ZEC's trend remains bullish, with key moving averages still supportive, suggesting the recent drop may be a correction rather than a collapse.

Zcash's recent price drop is mirrored on Pluang, where ZEC trades at Rp23.570.373, down 7.18% as of Oct 02, 2026 04:53 WIB. 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 for ZEC investors on the platform is 107 days, indicating cautious sentiment among traders.

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