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Zcash (ZEC) price drops 4.62% in four hours, hitting $1,171 amid heavy long liquidations.

Market News
17 Oct 2026
Tokenpost
View Source
Bearish
Zcash (ZEC) price drops 4.62% in four hours, hitting $1,171 amid heavy long liquidations.

Zcash (ZEC) experienced a sharp price decline of 4.62% within four hours, falling from $1,228 to $1,171 on October 16. This drop was significantly steeper than the 1.48% decrease observed over the past 24 hours, indicating increased short-term selling pressure. The total market capitalization of ZEC stands at about $20.08 billion, ranking it 10th among cryptocurrencies. Notably, long position liquidations on major exchanges Binance, Bybit, and OKX totaled $1.15 million, far exceeding short position liquidations, which were only $20,000. This suggests that many traders betting on price increases were forced to exit their positions, contributing to the price fall.

Following the sharp decline in Zcash noted in the news, on Pluang the asset continues to show selling pressure with a 5.36% drop over the last day as of Oct 17, 2026 11:21 WIB. ZEC trades at Rp20.654.311 with a market cap of Rp7,04 trillion and a 24-hour trading volume of Rp787,62 million. Pluang order activity is currently 100% sell, reflecting a strong bearish sentiment among users, with a typical hold time of 107 days.

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