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Zcash Drops 6.8% in Four Hours to $1,159; Long Liquidations Hit $5.07M

Zcash fell 9.36% over 24 hours as one-hour long liquidations reached $5.07 million across three major exchanges.

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Faceted silver token resting on a dark exchange surface / TokenPost.ai
Faceted silver token resting on a dark exchange surface / TokenPost.ai

Zcash (ZEC) fell 6.75% in four hours to $1,159 at 7:39 p.m. ET Oct. 12 (23:39 UTC), extending its 24-hour decline to 9.36%.

The price was measured from Binance’s spot ZEC/USDT market using a direct exchange-price calculation. Zcash was trading at $1,243 four hours earlier.

Long-position liquidations reached $5.07 million over the same hour across Binance, Bybit and OKX, while short-position liquidations totaled $30,000.

Zcash ranked 10th by market capitalization at about $20.37656 billion at the time of the calculation. No confirmed cause for the decline was provided.

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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