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Zcash Drops 4.9% in Four Hours to $1,536 as Long Liquidations Reach $2.44M
Zcash fell from $1,616, while one-hour liquidations reached $2.44 million for long positions and $10,000 for shorts.
Mentioned assets
Zcash (ZEC) traded at $1,536 at 12:11 p.m. ET (16:11 UTC) Sept. 23, down 4.93% from $1,616 four hours earlier on Binance’s ZEC/USDT spot market.
The decline came as one-hour Zcash liquidations reached $2.44 million for long positions and $10,000 for short positions across Binance, Bybit and OKX. Long liquidations occur when leveraged bets on higher prices are forcibly closed after the market falls.
Zcash ranked ninth by market capitalization at about $26.589 billion. The figures reflect publicly available exchange prices and exchange liquidation data collected across Binance, Bybit and OKX.
