Zcash Drops 4.65% in One Hour to $1,128 on Binance Spot

Zcash (ZEC) dropped 4.65% in one hour to $1,128 on Binance spot at 10:37 a.m. ET (15:37 UTC) on Nov. 10, as long liquidations exceeded short liquidations.

The ZEC/USDT pair traded at $1,183 one hour before the $1,128 reading, a decline of $55. ZEC was down 7.91% over the preceding 24 hours at the same observation time. The price comparison uses public Binance spot quotes collected directly at both points in time.

Across Binance, Bybit and OKX, the same one-hour period brought $2.73 million in Zcash long liquidations and $510,000 in short liquidations. Long positions are trades positioned for a price rise; short positions are positioned for a decline. The liquidation tally was compiled directly from the three exchanges for the hour covered by the spot price comparison.

By market capitalization, Zcash ranked 10th among cryptocurrencies at approximately $20.31884 billion. Market capitalization measures the token’s overall market value, while the Binance quote gives the price of one ZEC.