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Zcash drops nearly 13% as leveraged liquidations surge, risking a fall below $1,000

Market News
15 Oct 2026
Coinpaper
View Source
Bearish
Zcash drops nearly 13% as leveraged liquidations surge, risking a fall below $1,000

Zcash (ZEC) fell nearly 13% on October 15, nearing the $1,000 mark amid a wave of leveraged liquidations totaling around $20 million, mostly from traders betting on price rises. This sharp decline follows a strong rally from under $500 in August to over $1,600 in September, with heavy speculative trading now amplifying the selloff. Technical support at $1,050 and the key psychological $1,000 level are critical to watch, as further drops could trigger more forced selling. Institutional interest via Grayscale's Zcash ETF has provided some support but hasn't stopped the recent downturn, while an upcoming network upgrade could influence future price movements.

Zcash (ZEC) is facing a critical price level near $1,000 amid leveraged liquidations totaling around $20 million. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 15, 2026 20:02 WIB: out of 50 major cryptocurrencies, only 4 rose while 44 fell. Notable movers include ZIL (Zilliqa) down 7.06% with Pluang order activity at 1% Sell / 99% Buy, ONE (Harmony) down 6.61% with 49% Sell / 51% Buy, and THETA (Theta Network) down 6.49% with 0% Sell / 100% Buy.

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