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Zcash (ZEC) price drops nearly 10% in 24 hours amid $2.31M long position liquidations

Market News
29 Sep 2026
Tokenpost
View Source
Bearish
Zcash (ZEC) price drops nearly 10% in 24 hours amid $2.31M long position liquidations

Zcash (ZEC) experienced a sharp decline of 3.98% within one hour on September 29, falling to $1,389 from $1,446. Over the past 24 hours, the cryptocurrency's price dropped by 9.47%. This price movement triggered significant liquidations, with $2.31 million in long positions forcibly closed across Binance, Bybit, and OKX exchanges, compared to only $130,000 in short position liquidations. The sell-off indicates strong bearish pressure on ZEC, impacting leveraged traders who bet on price increases.

Zcash (ZEC) is trading at Rp25.090.017 on Pluang as of Sep 29, 2026 22:51 WIB, showing an 8.39% decline over the past day. This drop aligns with the strong selling pressure noted in the news, reflected by a Pluang order activity of 100% sell and a market cap of Rp7,04 trillion. The circulating supply stands at 16.3 million ZEC, about 78% of the maximum supply, indicating a significant portion of ZEC is already in circulation.

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