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Zcash price drops 8.5% to $1,464 as leveraged futures positions unwind on OKX exchange

Market News
28 Sep 2026
CryptoTicker
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Bearish
Zcash price drops 8.5% to $1,464 as leveraged futures positions unwind on OKX exchange

On September 28, 2026, Zcash (ZEC) price fell 8.5% to about $1,464 without any project-specific trigger. The decline coincided with a 13.5% drop in open interest on ZEC futures contracts at OKX, indicating leveraged positions were being closed rather than new bets on lower prices being placed. This reduction in leverage follows a strong month where ZEC rose over 74%. The price now tests the key $1,500 support level, which will be crucial for maintaining recent gains. European investors should note upcoming regulatory changes in 2027 affecting anonymity features of ZEC and consider custody options accordingly.

While Zcash dropped 8.5% in USD terms as reported, on Pluang it is down 6.17% at Rp26.732.947 as of September 29, 2026, 07:41 WIB. The market cap stands at Rp7,04 trillion with a 24-hour volume of Rp787,62 million. Notably, Pluang order activity is fully on the sell side, reflecting cautious sentiment compared to the recent strong gains and the current 78% circulation of total supply.

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