Winklevoss Compares Zcash Momentum to Bitcoin's 2019 Surge
Zcash (ZEC)
Editor:
Eugene Serbin
digitaltoday.co.kr reports that Gemini co-founder Tyler Winklevoss sees the current market mood around Zcash as resembling Bitcoin in 2019. Zcash has rebounded sharply from a February low of $191, rising over 60% in May and breaking above $1,000 in September to reach $1,335.51. Winklevoss noted that Zcash's trajectory mirrors the post-bear market recovery Bitcoin experienced after 2018.
He stated, "zcash:native sentiment on X today is how bitcoin felt when I first got started in crypto (2019)". This comparison highlights growing institutional infrastructure and custody solutions, such as Gemini's 2018 approval and recent node upgrades. Privacy coins face regulatory scrutiny, yet Zcash benefits from expanded exchange support and protocol updates like Orchard.
The asset began 2026 near $511 before correcting, but summer gains accelerated into September. Winklevoss suggests the interest is driven by both investment narratives and technological reassessment. Gemini's continuous support, including a dedicated credit card and Zakura node integration, reinforces ecosystem sustainability. The price action reflects a shift from mere speculation to foundational growth.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 1 October 2026. Not the outlet's figures.
Zcash is trading at $1,438.41 with a 1-hour buy ratio of 50.1%, indicating immediate neutral-to-slight buying pressure. However, the 4-hour buy ratio drops to 38.5%, showing that selling pressure has intensified over a slightly longer timeframe. The 24-hour buy ratio sits at 49.4%, confirming that buying and selling are nearly balanced over the full day. Volume delta data reveals a net outflow of -$2,572,304 over 24 hours, meaning more volume was sold than bought. The cumulative volume delta closed at -$11,702,115, suggesting that despite the price level, sellers have dominated the day's total volume. Only 7 out of 24 hours saw net buying, indicating that the upward momentum is not consistently sustained throughout the day.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
The current 24-hour volume of $249,985,581 is 0.72 times the weekly average, indicating a quieter trading day than usual. The 7-day average buy ratio of 50.1% is slightly higher than today's 49.4%, showing a marginal decrease in relative buying interest. Over the past 8 days, the price has changed by -4.0%, reflecting a recent cooling period after the September surge. The 8-day total volume delta of -$10,914,913 aligns with the daily outflow, confirming a broader trend of net selling pressure. This day is ordinary in terms of volume but unusual in its sustained net outflow compared to the previous week's average activity.