Zcash Surges Past $1,000 Amid Massive Short Liquidations
Zcash (ZEC)
Editor:
Eugene Serbin
cvj.ai reports that Zcash (ZEC) has broken the $1,000 barrier for the first time since 2018, triggering a severe short squeeze. The token reached an intraday high of $1,051 on September 4, 2026, after failing to break the $888 resistance level earlier. This move from a low of $805 just a day prior forced approximately $13.24 million in leveraged positions to liquidate.
Shorts accounted for $11.26 million of these losses, creating a 562% liquidation imbalance against longs. The rally builds on a breakout from a range active since June 2022, with yearly gains now at 2,395%. A key driver is Grayscale’s spot Zcash ETF, which began trading on NYSE Arca in late August under the ticker ZCSH.
Digital Currency Group (DCG) is in non-binding talks to purchase 200,000 ZEC, which would reduce circulating supply. The ecosystem also expanded with the July launch of Zakura, a Zcash node. This surge occurs during a broader altcoin season, though the extreme imbalance suggests potential short-term overheating. The token’s 105% gain in the last 30 days indicates strong bullish momentum.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 6 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,025.95 on Binance spot markets. The 24-hour buy ratio stands at 53.0%, indicating that buyers are slightly more active than sellers over the full day. This buying pressure is consistent with the 1-hour and 4-hour readings, which show buy ratios of 51.4% and 51.6% respectively. Volume delta data confirms net inflows, with a 24-hour total of +$8,418,025 and a 4-hour delta of +$3,079,317. The Cumulative Volume Delta (CVD) for the 24-hour close is +$15,147,110, showing sustained accumulation. Net buying occurred for 21 out of the last 24 hours, with a spot volume of $136,791,153 recorded.
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, Zcash experienced a 21.9% price increase. The 7-day average buy ratio was 50.4%, which is lower than the current 24-hour ratio of 53.0%. This represents a +2.7 point increase in buying pressure compared to the weekly average. However, trading volume was only 0.77x the average level, suggesting reduced participation despite the price rise. Net buying was recorded on only 3 of the 7 days in this period. The 8-day volume delta totaled +$10,505,669, providing a baseline for the recent surge.