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ZEC price drops 8.5% after a 75% rally; open interest falls 13.5%, signaling leverage reset, not clear sell-off.

Market News
29 Sep 2026
Crypto news
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Neutral
ZEC price drops 8.5% after a 75% rally; open interest falls 13.5%, signaling leverage reset, not clear sell-off.

Zcash (ZEC) saw an 8.5% price drop on September 28 following a 75% rise over the previous 30 days. Open interest on OKX futures fell 13.5% in dollar terms, indicating a reduction in leveraged positions rather than a straightforward sell-off. About 28.9% of ZEC supply remains in shielded pools, showing ongoing privacy use despite market fluctuations. The price movement reflects a leverage reset, but future direction depends on spot market activity, funding rates, and broader market conditions.

Zcash's market cap on Pluang stands at Rp7,04 trillion as of September 29, 2026, 18:23 WIB, with a circulating supply of 16.3 million ZEC out of a total 21 million. The 24-hour trading volume is Rp787.62 million, while the price is down 9.42% at Rp25,435,931. Notably, Pluang order activity shows a full 100% sell interest, and the typical hold time for ZEC investors is 107 days, indicating a cautious stance among traders following recent volatility.

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