Zcash Surges 20% to Landmark $1,000 Level as Short Sellers Lose $34M

cryptonews.ruОпубліковано о 2026-09-05Востаннє оновлено о 2026-09-05

Анотація

Zcash (ZEC) surged by approximately 20% in 24 hours to trade around $1,000, continuing a rally that has nearly doubled its price over the past month. Trading volume reached about $1.2 billion. This sharp move triggered significant liquidations, with $34.5 million of the total $36.6 million in liquidated leveraged positions coming from short sellers. Short liquidations can fuel further price increases by forcing buybacks. The token has gained about 94% over the past 30 days and over 2,300% in the past year, making it one of the top-performing major crypto assets. Open interest in ZEC futures has also risen significantly. Key catalysts for the rally include both institutional and technical developments. In late August, Grayscale's spot Zcash ETF (ZCSH) began trading on NYSE Arca, making the asset accessible to a broader range of investors. Additionally, Grayscale's parent company, Digital Currency Group, has been in discussions to purchase a substantial amount of ZEC. On the technical side, recent upgrades have dramatically reduced the time to create a private transaction, aiming to make the Zcash blockchain fast enough for everyday payments.

Zcash ($ZEC) has risen roughly 20% in the past 24 hours and traded around $1,000 on Friday, continuing a rally that has nearly doubled the price of this privacy token in the past month.

According to CoinGecko, $ZEC started the day around $828 before trading around $1,023. Trading volume reached about $1.2 billion in 24 hours, and the token's market value rose to $17 billion.

The move caught traders betting against the token off guard. Data shows that around $36.6 million in leveraged $ZEC positions were liquidated in the past 24 hours, with $34.5 million of that coming from short positions. A short liquidation occurs when a rising price forces an exchange to close a trader's bearish position because there is no longer enough collateral to keep it open.

Short sellers took on nearly all the pain from Zcash's jump. Source: Shaurya Malwa.

This could add fuel to an already rising market, as closing a short position requires buying back the token. $ZEC has gained about 94% over the past 30 days and over 2,300% over the past year, making it one of the best-performing major crypto assets over that period.

Open interest in $ZEC futures rose to around 2.3 million tokens worth roughly $2.3 billion, as traders piled into derivatives alongside the spot rally.

The catalyst for the move has been both technical and institutional developments in recent weeks.

In late August, Grayscale's spot Zcash ETF began trading on NYSE Arca under the ticker ZCSH, turning a trust that was previously only open to accredited investors into a fund that anyone with a brokerage account can buy.

Furthermore, Digital Currency Group, which owns Grayscale, has been in optional talks via a subsidiary to purchase 200,000 $ZEC.

The network itself has gotten faster. Earlier this month, developers for Zakura, a Zcash node launched in July, released encryption tools that cut the time a wallet takes to create a private transaction from over three seconds to less than 200 milliseconds on mobile devices, part of a push to make the blockchain fast enough for everyday payments.

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Пов'язані питання

QWhat was the price surge of Zcash (ZEC) in the past 24 hours, and what key price level did it approach?

AZcash (ZEC) surged approximately 20% in the past 24 hours and was trading around the $1000 level on Friday.

QHow much money did short sellers lose during the Zcash price spike according to the article?

AShort sellers lost $34.5 million out of a total of $36.6 million in leveraged ZEC positions that were liquidated during the 24-hour period.

QWhat recent institutional event is mentioned as a catalyst for Zcash's price rally?

AThe launch of the Grayscale Zcash Spot ETF (ticker: ZCSH) on the NYSE Arca in late August, making the fund accessible to any investor with a brokerage account, is cited as a catalyst.

QWhat technological improvement for the Zcash network was mentioned in the article?

ADevelopers of the Zakura node released encryption tools that reduced the time for a wallet to create a private transaction from over 3 seconds to under 200 milliseconds on mobile devices.

QWhat was the approximate 30-day and 1-year performance percentage gain for Zcash (ZEC) as stated in the article?

AZEC gained about 94% over the last 30 days and over 2300% over the last year.

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