Zcash drops 8.5 percent as open interest shrinks 13.5 percent
Zcash (ZEC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Zcash fell 8.5 percent to $1,464.12 on the evening of September 28, 2026. The price decline occurred without any specific project triggers, such as a postponed upgrade or exchange halt. Open interest in ZEC futures contracts on the OKX exchange shrank by 13.5 percent within 24 hours.
This contraction in borrowed money was considerably larger than the price drop itself. Trading turnover reached $1.12 billion while the market capitalisation stood at $24.82 billion. These figures place ZEC ninth among the largest crypto-assets.
The 24-hour high was $1,601.85 and the low was $1,449.25. This created a price range of approximately 10 percent.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,483.46 with a 1-hour buy ratio of 47.7 percent and a 4-hour buy ratio of 45.2 percent. These short-term readings are lower than the 24-hour buy ratio of 46.9 percent, indicating that buying pressure is fading relative to the longer timeframe. The volume delta shows net selling of -$1,525,784 over the last hour and -$4,394,369 over the last four hours. This means sellers have executed more volume than buyers in these recent windows. The cumulative volume delta for the 24-hour period is -$22,455,188, confirming that selling has dominated the day's flow.
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 average buy ratio was 51.4 percent, which is 4.5 percentage points higher than the latest day's reading. Trading volume was 0.85 times the weekly average, showing less activity than usual. While the price changed only +0.8 percent over eight days, the volume delta for that period was +$38,627,854. This contrasts with the current day's negative delta, suggesting a shift from net buying to net selling. This represents an unusual day for the coin compared to the net positive flow seen over the previous week.