Zcash Drops 16% From Peak as Long Traders Face Liquidations
Zcash (ZEC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Zcash (ZEC) fell approximately 16% after a sharp rally pushed the privacy-focused cryptocurrency above $1,200. This reversal triggered $28.37 million in liquidations over the past 24 hours, with long traders absorbing the majority of the losses. Long positions accounted for $23.75 million of these liquidations, while shorts contributed $4.62 million.
The data indicates that many traders had positioned for further gains before the market reversed direction. Selling pressure intensified as the price moved lower, with $11.49 million in liquidations occurring over a 12-hour window. During the latest four-hour period, total liquidations stood at $1.34 million, including $1.19 million from short positions.
Despite the decline, ZEC remains above its daily moving averages, with the 20-day average near $910. The Relative Strength Index has cooled to about 64 from overbought levels, signaling weaker momentum. Traders are now watching the $1,050 to $1,100 area as a critical support zone for potential consolidation.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,079.96, with the buy ratio at 54.4% over the last hour and 51.1% over the last four hours. This contrasts with the 24-hour buy ratio of 45.8%, indicating that buying pressure is building in the short term compared to the longer daily view. The volume delta shows positive inflows of $1,064,335 in the last hour and $1,511,669 over four hours, reversing the negative $28,903,687 delta seen over the full 24 hours. A positive volume delta means that buy volume exceeds sell volume, suggesting that spot buyers are currently more aggressive than sellers. The cumulative volume delta for the 24-hour period closed at a positive $5,536,588, confirming net buying activity over 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.
Over the preceding week, the buy ratio averaged 51.0%, making the latest day's 54.4% reading slightly higher than the weekly norm. Volume was 1.30 times the average, indicating an unusual level of activity compared to typical days. This elevated volume coincided with a 13.4% price increase over eight days and a total volume delta of $11,917,619. While the current 24-hour delta was negative, the weekly trend shows net buying dominance with five days of net buying out of seven. This suggests that the recent price action is part of a broader upward trend rather than an isolated event.