Zcash Falls 3.12% in One Hour to $1,203 on Binance Spot Market

Zcash (ZEC) fell 3.12% in one hour to $1,203 at 12:24 p.m. ET Nov. 2 (17:24 UTC), using directly collected Binance spot ZEC/USDT quotes. The quote was $1,241 at 11:24 a.m. ET, a $38 decline over that interval.

At the same observation time, ZEC was down 2.46% over 24 hours. Its market capitalization was approximately $20.97141 billion, ranking it 10th among crypto assets by market value. The one-hour percentage loss was larger than the 24-hour decline at that point.

An aggregation of Binance, Bybit and OKX liquidations recorded $2.43 million in long liquidations and $0 in short liquidations during the same hour. The tally counts forced position closures and categorizes them by whether the positions were long or short.

Long positions are designed to benefit from a price increase, so they can face losses when an asset falls. Short positions are structured to benefit from a price decline. The reported totals show liquidation activity only on the long side during the measured hour, alongside ZEC’s 3.12% drop.