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Zcash Drops 2.22% in One Hour to $1,282 as Long Liquidations Reach $710,000

ZEC was up 3.80% over 24 hours despite the sharp hourly decline recorded at 7:48 a.m. ET on Oct. 12.

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Metallic shield-inspired coin beside an unmarked downward indicator / TokenPost.ai
Metallic shield-inspired coin beside an unmarked downward indicator / TokenPost.ai

Zcash (ZEC) fell 2.22% in one hour to $1,282 at 7:48 a.m. ET (11:48 UTC) on Oct. 12, reversing part of its broader daily gain.

The price dropped from $1,312 to $1,282 over the measured hour on Binance’s ZEC/USDT spot market. ZEC was still up 3.80% from 24 hours earlier.

Long liquidations across Binance, Bybit and OKX totaled $710,000 during the same hour, while short liquidations totaled $0. The figures were calculated from exchange prices and liquidation data collected directly by TokenPost.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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