Zcash Whale Buys $13.65M ZEC as Mining Profitability Surges
Zcash (ZEC)
Editor:
Eugene Serbin
ambcrypto.com reports that a Zcash whale accumulated 12.87K ZEC, worth $13.65 million, over the past week. The buyer sourced the coins from Binance, OKX, Kraken, and Gate before moving them to a fresh wallet. This accumulation coincided with ZEC attempting to stabilize after a price pullback.
Spot Taker CVD remained taker-buy dominant, indicating aggressive market buyers were crossing the spread. Grayscale estimated Zcash miner rewards near $2 million daily, despite Bitcoin’s $35 million total. Zcash delivered nearly twice Bitcoin’s mining rewards per rig and four times the rewards per megawatt-hour.
This profitability drove a 250% increase in mining activity throughout 2026. On the 24-hour chart, ZEC completed four stages of an Elliott impulse wave sequence. The price reversed to $1,138.89 as the RSI cooled to 62.37 from overbought conditions.
A sustained advance above $1,295–$1,298 would confirm Wave 5 and target $1,500. Losing $1,054.72 support would challenge the bullish structure.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 14 September 2026. Not the outlet's figures.
Zcash is trading at $1,062.50 with a 1-hour buy ratio of 31.4%, showing immediate selling pressure. However, the 4-hour buy ratio is 58.8%, indicating that buying interest is building over a longer timeframe. The 24-hour buy ratio sits at 50.1%, reflecting a balanced market over the full day. Volume delta is negative $7.32 million in the last hour but positive $9.27 million over four hours. This suggests that while short-term sellers are active, larger timeframes see net inflows. The 24-hour CVD closed at +$8.19 million, confirming net buying dominance 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.
The 24-hour buy ratio of 50.1% is slightly below the 7-day average of 50.5%. Volume was 1.07x the average, indicating higher than usual trading activity. This occurred after an 8-day price decline of 13.4%. The weekly volume delta totaled +$25.17 million, showing net buying over the period. Today represents a day of higher volume but slightly reduced buying dominance compared to the weekly norm.