Zcash Price Slides 23% as Grayscale ETF Hits Reverse
Zcash (ZEC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that ZEC’s price has taken a beating after September’s blistering run, tumbling roughly 23% from its Sept. 27 peak of $1,697. The zcash market decline arrived alongside a sharp reversal in Grayscale’s zcash ETF, where around $93 million exited during its first negative week. Futures leverage has also been affected by this shift in market dynamics.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 4 October 2026. Not the outlet's figures.
ZEC is currently trading at $1,305.16, with the 1-hour buy ratio at 50.1% and the 4-hour buy ratio at 53.0%, both indicating a slight edge for buyers in the short term. However, the 24-hour buy ratio sits lower at 47.5%, suggesting that buying pressure is fading over the full day. The 1-hour volume delta is positive at +$3,251, while the 4-hour delta is significantly higher at +$650,525, showing recent accumulation. In contrast, the 24-hour volume delta is negative at -$4,761,935, meaning more volume was sold than bought over the last day. The cumulative volume delta (CVD) for the 24-hour close is +$7,110,671, and there were 19 hours of net buying out of 24.
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 48.6%, with the latest day showing a 1.1 point drop from this average. Volume was only 0.35x the weekly average, indicating significantly lower activity. The coin experienced net buying on only 2 of the 7 days, with a total volume delta of -$62,533,758 over 8 days. The price change over 8 days was -21.0%. This recent day, with a 47.5% buy ratio and volume at 0.35x average, represents an unusual day characterized by lower-than-average volume and a below-average buy ratio compared to the weekly norm.