"Why is Zcash price falling so fast today?" That’s the big question every crypto trader is asking after the $ZEC coin price suddenly dropped nearly 10% in just 24 hours, wiping out millions from leveraged traders.
The fall didn’t come from one reason, it came from four major Zcash news today hitting the market at the same time. Today, we break down everything that happened, what’s behind the $ZEC price crash, and how one whale lost $2.39M
A major on-chain wallet tracked by Onchain Lens was holding a big long position in the asset, expecting the price to rise. But instead of rising, the price drop followed a 10% downtrend, leading to a massive liquidation. The whale lost $1.59M on the final trade alone and $2.39M overall.

The equity chart shared by the tracker shows:
The whale once had over $1M+ in account value.
Losses kept increasing through October and November.
The final liquidation caused a vertical crash to near-zero equity.
The whale now has just $24K left.
This sudden wipe out added more sell pressure, which is one of the key reasons why Zcash price is falling today.
$ZEC is currently trading at $472.45, down almost 10% today and 27.45% this week. Trading volume dropped 16.77% to $847.9M, showing that buyers are not confident right now.

Here’s the full technical data as per TradingView financial market chart:
1. RSI near oversold (33–38): This shows sellers are strong, but the token may be trying for a small bounce. Still, buyers are not powerful enough to reverse the trend yet.
2. MACD still bearish: The MACD lines show strong downward momentum. There is no bullish crossover yet.
3. Breakdown pattern continues: The 30-min Zcash crypto chart shows lower highs and lower lows. It bounced from the $445 - $455 support zone but failed to climb back above the key $500 level.
4. Low trading volume: As per my experience being a crypto strategist for the past 5 years, When price and volume both fall, it means buying interest is weak.
Today’s $ZEC news is filled with four major updates that are aligning together to form a massive bloodbath. Let’s uncover the technical weakness and narrative driven fear:
1. Grayscale Files for First-Ever Zcash ETF
This filing should be big news for adoption, but instead of rising, the asset saw a “sell the news” reaction. Investors booked early profits because of high volatility around SEC decisions.
2. Top Analyst Predicts It Could Drop Below $200
Crypto analyst Altcoin Sherpa posted a clear Zcash price chart saying: “$ZEC coin price prob goes sub $200 in the coming weeks/months.” This created massive fear in the crypto community, pushing smaller traders to sell in panic.
3. TFTC Post Raises Fear About Shielded Pools
A new viral post suggested that token’s shielded pools can be invalidated. This scared many users because it is a privacy coin, and any threat to shielded funds leads to immediate distrust.
4. Reliance Global Group Buying The Price Dip
A NASDAQ-listed company’s buying should be bullish news. But here’s the twist:
A public company going all-in on a privacy coin boosts trust and legitimacy
But their leveraged positions risk liquidation if Zcash price falling continues.
All these combined $ZAC price crash reasons created the perfect storm to make industry panic.
Short-Term (Next 7 Days): If it fails to reclaim $500–$525, price may dip again toward $430 before stabilizing.
Mid-Term (1–2 Months): The key resistance of $575, so if it breaks then a bullish trend toward $650–$700 is possible.

"Warning for traders: On the other hand, if it falls below the resistance then, expect a bloodbath near $360–$400 zone."
Long-Term (4–5 Months): After considering the reasons behind why Zcash price is falling today, the current nature is volatile, h0wever that’s not the long term scenario. If it holds its ascending trendline the target of $839 becomes possible.
The reasons behind the Zcash price falling now have a clear answer: $2.39M whale liquidation, ETF uncertainty, analyst warnings, privacy concerns, and leveraged positions all hit the market at the same time.
$ZEC recovery is still possible in the long-term scenario, but short-term volatility remains very high. Traders should keep any eye on the asset’s support and resistance levels to confirm a clear trend.
Disclaimer: This is not financial advice, always do your own research before investing in highly volatile crypto assets.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.