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Zcash (ZEC) drops 5.28% in one hour, extending 24-hour loss to 13.48% amid heavy long liquidations.

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Zcash (ZEC) drops 5.28% in one hour, extending 24-hour loss to 13.48% amid heavy long liquidations.

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 Binance, Bybit, and OKX totaled $12.26 million, indicating that many investors betting on price increases were forced to close their positions. Short liquidations were much smaller, at $260,000, highlighting a significant imbalance favoring long position closures. This suggests bearish pressure on ZEC in the short term.

As of Oct 08, 2026 22:52 WIB, Zcash (ZEC) is trading at Rp20.359.048 on Pluang, down 14.35% over the past day. The platform shows a circulating supply of 16.3 million ZEC out of a total 21 million. This notable decline aligns with the article's report of significant long liquidations exceeding $12 million, highlighting strong bearish sentiment.

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