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Zcash Falls 4.0% in One Hour to $1,389 With $2.31M Long Liquidations

ZEC was down 9.47% over 24 hours as of 11:28 a.m. ET on Sept. 29.

Mentioned assets
Silver cryptocurrency coins resting on a scratched metal counter / TokenPost.ai
Silver cryptocurrency coins resting on a scratched metal counter / TokenPost.ai

Zcash (ZEC) fell 3.98% in one hour to $1,389 at 11:28 a.m. ET (15:28 UTC) on Sept. 29, extending its 24-hour decline to 9.47%.

The move was measured from $1,446 one hour earlier using Binance spot ZEC/USDT trading data collected directly by TokenPost. The calculation uses the exchange price at the stated time and is not a price forecast.

Liquidations during the same hour totaled $2.31 million for long positions across Binance, Bybit and OKX, compared with $130,000 for short positions. Long liquidations occur when bullish leveraged trades are forcibly closed after prices fall.

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