Zcash and Near Protocol rally face Bitcoin correction
Zcash (ZEC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Bitcoin trades below $78,000 on Thursday, maintaining a corrective tone amid hawkish macroeconomic factors. US bond yields continue to rise as the market shrugs off the Treasury’s increase in buyback operations to $6 billion in long-term debt. CoinMarketCap’s Fear and Greed index shows a reading of 70, down from 78 last week, indicating moderation in risk-on sentiment.
Near Protocol and Zcash have sustained gains over the last 24 hours, emerging as top performers. Bitcoin holds well above key Exponential Moving Averages, with the 50-day EMA near $73,011 and the 200-day EMA around $73,425. Upside momentum is easing, with the RSI dropping to roughly 58 and the MACD drifting below the signal line.
Near Protocol trades around $2.44, holding above EMAs clustered between $1.83 and $1.95. Zcash remains well above $1,200, with stacked EMAs reinforcing an established uptrend despite overheated momentum.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Zcash trades at $1,244.28, with a 1-hour buy ratio of 41.8% and a 4-hour buy ratio of 51.2%, compared to a 24-hour ratio of 52.8%. The 1-hour volume delta is negative at -$9,091,074, while the 4-hour delta is positive at +$541,037. This indicates that short-term selling pressure is emerging, though the 24-hour volume delta remains strongly positive at +$18,682,186. The buy ratio measures the proportion of trades driven by buyers, while the volume delta shows the net value of those trades. Over the past 24 hours, net buying has dominated, but the recent hour shows a shift toward net selling.
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 24-hour buy ratio of 52.8% is slightly above the 7-day average of 50.2%, marking a +2.7 point increase. Spot volume for the day is $333,295,724, which is 1.39 times the average daily volume. This volume level suggests an unusual day for the coin, with activity significantly higher than normal. The coin has seen a price change of +52.6% over the past 8 days. Net buying has occurred on 4 of the last 7 days, with a total volume delta of +$32,700,707 over that period.