On November 11, 2026, Zcash (ZEC) fell to $962.85, its lowest level since early September.
Key data points:
Price: Down approximately 14–15% in 24 hours.
Liquidations: $40.96 million in ZEC positions were liquidated, with 87.1% coming from long positions.
Grayscale ETF (ZCSH): Recorded $46.25 million in net outflows during October and more than $15 million in November through November 10.
Macroeconomic factors: U.S. October CPI rose 0.4% month over month, above the 0.3% forecast.
Technology: The NU7 upgrade went live on November 6, reducing the target block interval from 75 to 25 seconds.
One detail worth noting: Grayscale recently committed $1 million to support the Zcash ecosystem, yet ETF capital continued to flow out. This highlights an important distinction: funding ecosystem development does not automatically translate into buying pressure for the token.
Key levels to watch: $960 and $900 as potential support zones; $1,000 and $1,200 as recovery levels.
The key question is not simply how much further ZEC could fall, but whether real demand for Zcash’s privacy technology can sustain investor interest and capital flows over time.