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Zcash Falls 3.62% in Four Hours to $1,123 on Binance Spot Market

ZEC remained up 1.57% over 24 hours. Same-hour liquidations totaled $1.61 million for long positions and $60,000 for short positions.

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An unmarked metal token sits near the bottom of a ramp. / TokenPost.ai
An unmarked metal token sits near the bottom of a ramp. / TokenPost.ai

Zcash (ZEC) fell 3.62% in four hours to $1,123 on Binance's ZEC/USDT spot market at 10:11 a.m. ET (14:11 UTC) Oct. 19.

Four hours earlier, the pair was at $1,165, a $42 difference from the latest reading. ZEC remained up 1.57% over the 24-hour period through the observation time. That put the four-hour decline within a day that was still positive.

The same one-hour window produced $1.61 million in Zcash-related long-position liquidations and $60,000 in short-position liquidations across Binance, Bybit and OKX. Long-side liquidations were more than 26 times the short-side amount in that tally.

Zcash ranked 10th by market capitalization, at about $19.3 billion. The market-cap figure offers a size snapshot, while the spot quote measures the price of one ZEC in the ZEC/USDT market. At the observation time, ZEC was lower over four hours but higher over 24.

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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