Add as a preferred source on GoogleZcash Falls 2.29% in an Hour to $1,250 on Binance Spot Market
ZEC was down 4.25% over 24 hours. One-hour liquidations totaled $250,000 for long positions and $220,000 for short positions across three exchanges.
Zcash (ZEC) fell 2.29% in one hour to $1,250 on Binance’s spot ZEC/USDT pair at 6:20 p.m. ET Thursday.
One hour earlier, the Binance spot pair was at $1,279, making the one-hour change a $29 decline. The 2.29% figure covers that interval; the 4.25% loss measures the full 24 hours through the same observation. Those percentages use different time windows, describing the short-term drop and the broader daily change separately.
Liquidations across Binance, Bybit and OKX during that hour totaled $250,000 for long positions and $220,000 for short positions. A liquidation is a forced closing of a trading position; long positions bet on rising prices, while short positions bet on declines.
Zcash’s market capitalization was about $21.19 billion, placing it 10th among crypto assets by market value in the snapshot. The $1,250 quote reflects Binance spot trading alone; the liquidation totals combine activity on three exchanges.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.