Zcash Price Surges 11% as Liquidations Hit $56M, NU7 Targets November

• Zcash price jumped 11% as ZEC recorded approximately $56 million in futures liquidations
• Market-wide liquidations reached $345 million, with short positions accounting for $208 million
• The NU7 upgrade targets November 5 and proposes cutting block spacing from 75 to 25 seconds, pending an October 20 decision

Zcash price gains are putting the privacy coin back in focus, with a sharp rally leaving leveraged traders nursing heavy losses. There was a nearly 12% rise on September 18, while developers have outlined a November target for the Zcash NU7 upgrade. The combination gives traders plenty to watch, which includes a market moving fast enough to force positions closed and a network preparing for changes that still need to pass their next test.

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Zcash Liquidations Trail Only Bitcoin and Ether

Zcash accounted for approximately $56 million in futures liquidations over the 24-hour period shown in a chart. Only Ether, at $89 million, and Bitcoin, at $85 million, recorded larger totals among the assets displayed. This put ZEC well ahead of XRP and Lisk, both near $9.7 million, and Solana at $8.6 million.

Across the crypto market, liquidations reached $345 million. Shorts accounted for $208 million, compared with $137 million in longs. Those figures cover the market as a whole, the chart does not provide a separate long-short breakdown for Zcash.

The losses show how quickly leveraged positions were being forced out as prices moved. They do not, by themselves, establish how much fresh buying supported the ZEC price rally.

But at press time, ZEC was trading at $1,481.13, up 11.2% over the past 24 hours following a notable correction.

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Zcash NU7 Upgrade Targets More Frequent Blocks

Beyond the trading activity, developers have given holders a specific timetable to follow. Sean Bowe’s NU7 timeline schedules testnet activation for October 6 and targets November 5 for mainnet. A final decision is due October 20, after teams assess performance on the test network.

The proposed change attracting attention is a reduction in target block spacing from 75 seconds to 25 seconds. Blocks would arrive three times as frequently, although that does not mean every transaction would settle three times faster.

NU7 also includes disabling version 4 transactions and integrating the Network Sustainability Mechanism while preserving halvings. Bowe said it would introduce no new transaction formats and should have little effect on wallets, though nodes, indexers, and block explorers could require adjustments.

For traders following privacy coins, October 20 now provides a concrete checkpoint. November’s launch remains a target, and the intervening testnet results will determine whether developers proceed. Until then, the liquidation figures offer a reminder that a rising market can still be costly for anyone caught on the wrong side of a leveraged trade.

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