Zcash Falls to $1,287 on Binance Spot During One-Hour Drop

Zcash (ZEC) fell 2.02% in one hour to $1,287 at 7:35 a.m. ET Wednesday (12:35 UTC), even as the token remained up 7.07% over the previous 24 hours.

ZEC traded at $1,287 on Binance’s spot ZEC/USDT pair. The same pair was at $1,314 one hour earlier, the comparison used to calculate the hourly decline. The 24-hour figure compares the observation price with ZEC’s level 24 hours earlier, so the daily gain and one-hour drop cover separate measurement windows.

Across Binance, Bybit and OKX, the same one-hour window saw $570,000 in long liquidations and $30,000 in short liquidations, for $600,000 total. The reported liquidation figures break down the amount by position direction. Zcash was ranked 10th by market capitalization, at about $21.95082 billion. The price measure uses one exchange, Binance, while the liquidation total combines three venues. Both spot prices and liquidation totals are stated in U.S. dollars.