Zcash Rises 2.7% on Binance, Still Down 17.5% in October

Zcash (ZEC) remained 17.5% below its Oct. 1 open on Binance Sunday morning even as the pair rebounded 2.7% over 24 hours, while a separate aggregated futures snapshot showed $14.9 million in liquidations.

Binance’s ZEC/USDT pair traded at 1,186.64 USDT at 6:40 a.m. ET (10:40 UTC) Oct. 25, up 2.714% from 24 hours earlier. It opened Oct. 1 at 1,438.52 USDT, a decline of about 17.5% to the Oct. 25 reading.

An aggregated all-exchange snapshot showed $14.9 million in ZEC futures positions forcibly closed in the 24 hours ending at 4:12 a.m. ET (08:12 UTC) Oct. 25. Long positions made up $11.1 million and short positions $3.8 million. Liquidations are forced closures and do not represent traders’ net losses.

The Zcash Foundation’s Zebra 7.0.0 release supports NU7, which is targeted to activate at block 3,543,405 around Nov. 5. TokenPost previously covered the activation height and target date.