Zcash Drops 8.5% From $1,650 Peak as $19.9M in Liquidations Hit ZEC
- —ZEC closed at $1,653.12 on September 26 and fell to about $1,167 by October 12
- —$19.9 million in positions were liquidated, with 24-hour derivatives volume near $5.46 billion
- —ZEC rebounded to $1,215 on October 13 but remains 26% below its peak
- —NU7 upgrade cuts block spacing from 75 to 25 seconds, with mainnet proposed for November 5
Why it matters: The correction will test whether ZEC holds support at $1,100–1,125, while the NU7 launch could serve as the next price catalyst.
Source: Coinpaper