Zcash Falls 2.05% in One Hour to $1,400; Long Liquidations Hit $280,000
Zcash traded at $1,400 on Binance spot at 3:53 p.m. ET (19:53 UTC) Sept. 29, down 4.27% over 24 hours.
Zcash (ZEC) fell from $1,429 to $1,400 in one hour as of 3:53 p.m. ET (19:53 UTC) Sept. 29, a 2.05% decline in the period.
The price was measured from Binance’s ZEC/USDT spot market using TokenPost’s direct collection of publicly available exchange prices. ZEC was down 4.27% from its 24-hour level at the same time.
Long liquidations totaled $280,000 across Binance, Bybit and OKX during the hour, while short liquidations reached $30,000. Liquidations occur when exchanges automatically close leveraged positions after traders can no longer meet margin requirements.
Zcash ranked ninth by market capitalization at approximately $23.66676 billion. No cause for the move was established in the supplied market data.
