# Zcash market volatility and trading activity

> Live situation record from CLSTR: https://clstr.news/situations/zcash-market-volatility-and-trading-activity
> Updated: 2026-10-23T00:30:47.000Z. Sources: 5. Developments: 2.

Zcash (ZEC) has experienced significant shifts in market activity and price stability. Initially, open interest in ZEC futures fell by 28.3%, dropping from $3.29 billion to approximately $2.36 billion, suggesting a reduction in leverage or the closing of positions. During this period, a major whale on the Hyperliquid exchange increased its long position by 57.5%, adding roughly $7.2 million in ZEC.

Following this contraction, the market faced increased volatility. ZEC trading stalled near its 50-day moving average at approximately $1,157. This period saw roughly $22.8 million in ZEC futures positions liquidated within a 24-hour window, most of which were long positions. Despite these liquidations, the amount represented only about 1% of the total $2.25 billion in open interest.

## Timeline

### 2026-10-23: Zcash and Ether experience market volatility and liquidations

Zcash faces significant futures liquidations amid price stalls, while Ether sees large exchange withdrawals and split ETF flows.

3 sources. https://clstr.news/cluster/zcash-and-ether-experience-market-volatility-and-liquidations

### 2026-10-19: Zcash open interest drops 28% as whale expands long position

Zcash futures open interest fell 28.3% in a month, yet a major whale increased its long position by 57.5% on Hyperliquid, betting on a price rebound despite technical resistance.

2 sources. https://clstr.news/cluster/zcash-open-interest-drops-28-as-whale-expands-long-position

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Cite as: Zcash market volatility and trading activity. CLSTR, https://clstr.news/situations/zcash-market-volatility-and-trading-activity