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Zcash plunges 16%, wiping out recent gains amid $38M liquidations in crypto sell-off

Market News
08 Oct 2026
Bitcoin
View Source
Bearish
Zcash plunges 16%, wiping out recent gains amid $38M liquidations in crypto sell-off

Zcash (ZEC) fell sharply to $1,115 on October 8, losing all gains made since mid-September and triggering $38 million in leveraged long liquidations. Despite the drop, ZEC remains up over 120% year-to-date, supported by renewed investor interest and a spot ETF filing by Winklevoss Asset Services. The ETF aims to list on Nasdaq, potentially boosting institutional adoption. While the sell-off hit ZEC harder than Bitcoin and other altcoins, long-term supporters remain optimistic about its rebound potential.

Zcash is trading at Rp20,569,590 on Pluang, down 13.61% as of Oct 08, 2026 23:22 WIB, showing a significant decline consistent with the reported market sell-off. The platform data also shows a market cap of Rp7.04 trillion and a 24-hour trading volume of Rp787.62 million, highlighting active investor engagement despite the sharp drop. This aligns with the news of leveraged long liquidations and a challenging day for ZEC compared to Bitcoin and other altcoins.

More News (ZEC)

Zcash sees $10.88M in long liquidations as price drops nearly 2% on Oct 8

Zcash sees $10.88M in long liquidations as price drops nearly 2% on Oct 8

On October 8, Zcash (ZEC) experienced $10.88 million in liquidations of long positions within one hour as its price fell by 1.96% from $1,169 to $1,146. Total liquidations during this period reached $11.64 million, with short positions accounting for...

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Zcash (ZEC) experienced a sharp decline of 5.28% within one hour, falling from $1,212 to $1,148 on October 8. This drop extended its 24-hour loss to 13.48%, primarily on Binance's spot ZEC/USDT market. During the same hour, long liquidations across B...

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