Zcash experienced a 1,374% liquidation imbalance in 12 hours, leading to a sharp price pullback from $455.22 to $414.06 and wiping out $1.44 million in long positions.
The article references specific coinglass data for liquidation figures and mentions grayscale's s-3 filing for a zec etf, lending credibility to the reported events.
The significant liquidation imbalance and subsequent price drop indicate immediate bearish pressure, causing a 6.62% decline in 24 hours. while long-term sentiment remains bullish due to etf speculation, the short-term reaction is clearly negative.
The liquidation event and price reaction are immediate, short-term market movements. however, the mention of a potential zcash etf by grayscale could foster long-term bullish sentiment.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Privacy coin Zcash (ZEC) is attracting attention from market participants as ZEC registered a 1,374% in liquidation imbalance within the last 12 hours. This development has dampened the mood of bulls, who were betting on a price rally for the asset. Advertisement Zcash’s sharp pullback triggers heavy long liquidations According to CoinGlass data , long position traders saw $1,440,000 wiped out within this time frame as the price refused to soar. Zcash has been gaining traction among holders who find the privacy feature appealing, given regulatory concerns on the broader crypto market. Additionally, the coin has displayed impressive numbers, emerging as the best performer around mid-December 2025. Zcash’s boost occurred when the larger part of the crypto market stagnated, fueling the confidence of investors to bet on the asset. It is worth mentioning that the confidence was rooted in evidence. Notably, Zcash soared by 28% within one week while other privacy coins struggled. So, the optimism of bulls was based on precedent, but current market volatility has left them with losses. Zcash dropped from an intraday peak of $455.22 to a low of $414.06. This accounts for the massive liquidation imbalance noticed with the privacy coin. As of this writing, Zcash is changing hands at $418.86, down by 6.62% in the last 24 hours. The asset’s trading volume has also entered the red zone, down by 0.17% to $589.72 million within the same period. Although Zcash’s plunge remains single-digit in percentage terms, it is a source of concern to investors. There have been bullish conversations about the possibility of ZEC soaring to $500 before 2025 ends. However, the current liquidation casts doubt on positive expectations. You Might Also Like Tue, 12/23/2025 - 09:57 Key Functionality for Cardano and Midnight Introduced by Developers By Arman Shirinyan Meanwhile, bears also suffered losses as short position traders lost $97,690 when ZEC dipped. The drop below $415 support could have triggered the significant losses recorded by bearish traders. ZEC ETF Speculation Keeps Long-Term Sentiment Intact Despite the current volatility and mixed signals, the Zcash community sentiment remains bullish. The exchange-traded fund (ETF) S-3 registration filed by Grayscale suggests that ZEC is gaining institutional interest in the broader financial space. If approved by the regulatory commission, it would mark the first Zcash ETF in the U.S. With its market cap currently over $6.8 billion, increased institutional interest could nudge it towards the $10 billion mark in a couple of years. #Zcash