Zcash Hits $1,023 Amid ETF Inflows and Mining Power Surge
Zcash (ZEC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Zcash’s ZEC token reached an intraday high of $1,023 on September 4, 2026. This price movement extended monthly gains to approximately 94% and pushed the market capitalization toward $17 billion. The rally coincided with the Grayscale Zcash ETF accumulating roughly $34.4 million in net inflows since its debut on August 25, 2026.
The fund recorded its strongest daily inflow of $12.6 million on September 2. Simultaneously, estimated Zcash network computing power exceeded 30 GSol/s, up from around 25 GSol/s in late August. These metrics indicate activity across both exchange-traded fund vehicles and the mining network.
ETF net inflows track demand for fund shares, while solrate estimates the computing power securing the network. Despite this network strength, Bitmain Antminer Z15 Pro gross revenue dropped about 3% to $708 per MWh compared to August 24, 2026.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 5 September 2026. Not the outlet's figures.
ZEC is currently trading at $1,022.94 with a 1-hour buy ratio of 56.6%, indicating immediate buying pressure. However, this short-term strength contrasts with the 4-hour buy ratio of 47.7% and the 24-hour ratio of 48.8%, suggesting that buying momentum is fading over longer timeframes. The 1-hour volume delta is positive at $312,379, but the 4-hour delta is negative at -$1,089,595. Over the last 24 hours, the volume delta stands at -$7,452,427, with a cumulative volume delta of -$3,681,136. This means that while there was a brief surge in buys, net selling pressure has dominated the day. Spot volume for the period was $310,494,537 across 848,494 trades.
The latest daily buy ratio of 48.8% sits at the 35th percentile of the last 281 days, against a median of 50.1% - ordinary for this coin.
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 buy ratio of 48.8% is slightly below the 7-day average of 50.6%, representing a 1.8 point drop. Trading volume for the day was 2.00 times the average, indicating an unusually active day for the coin. Net buying occurred on 4 of the last 7 days, with a total volume delta of $2,787,265 over that period. The price has increased by 27.8% over the last 8 days. This recent activity shows a divergence between high volume and a buy ratio that is trending toward the lower end of its weekly average.