# Zcash Drops 5.28% in One Hour to $1,148 as Long Liquidations Top $12M

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28252
Published: 2026-10-08T15:38:08.000Z
Updated: 2026-10-08T15:38:08.000Z
Section: Investing

> Zcash was down 13.48% over 24 hours, while long liquidations reached $12.26 million across three major exchanges.

Zcash (ZEC) fell 5.28% in one hour to $1,148 at 11:33 a.m. ET (15:33 UTC) Oct. 8, extending its 24-hour decline to 13.48%.

The token dropped from $1,212 to $1,148 over the hour on Binance’s spot ZEC/USDT market. The figures reflect TokenPost’s calculation from exchange prices at the stated time.

Long liquidations across Binance, Bybit and OKX totaled $12.26 million during the same hour, while short liquidations reached $260,000. The liquidation imbalance shows that positions betting on higher prices accounted for most of the forced closures during the move.