Zcash Price Drops 6% as $13 Million in Long Positions Liquidated

Key Facts

Zcash price dropped 5.98% to $1,190, leading losses among major cryptocurrencies according to u.today. Zcash futures experienced a sharp crash as long positions were wiped out, with total liquidations reaching $15.76 million over a 24-hour period, of which $12.96 million were long positions.

The decline coincided with Zcash futures open interest falling 3.35% to $2.44 billion on November 3, 2026. Reports indicated that market-order selling outweighed buying as participants reassessed exposure amid macro economic concerns, despite recent whale activity ahead of the upcoming network upgrade.

The Zcash NU7 upgrade is scheduled to activate on the mainnet around November 5, 2026, at block height 3,543,405. This technical milestone is expected to reduce block times to 25 seconds from 75 seconds and introduce a sustainability mechanism for block rewards.