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Zcash Advances 4.20% in an Hour as Short Liquidations Reach $1.21 Million

The Binance spot quote reached $930, while ZEC's 24-hour measure remained down 5.58% at that snapshot.

Updated 1 min read
A graphic compares Zcash’s hourly price move with short and long liquidations. / EconoTimes.ai
A graphic compares Zcash’s hourly price move with short and long liquidations. / EconoTimes.ai

At 1:06 a.m. ET (06:06 UTC) Friday, Binance's ZEC/USDT spot pair reached $930 after gaining 4.20% in the prior hour. The pair's previous hourly point was $892, a $38 move. Zcash (ZEC) was still down 5.58% over 24 hours at that snapshot.

During the same hour, short positions worth $1.21 million were liquidated across Binance, Bybit and OKX. Long liquidations totaled $300,000, leaving a $910,000 difference between the two sides. The liquidation tally covers three exchanges; the $930 price was specific to Binance's spot market.

As of 06:10 UTC, a later CoinGecko and exchange spot reading put ZEC at $929.69, down 5.73% over 24 hours. That reading came four minutes after the Binance observation. An earlier EconoTimes report on another hourly ZEC rise alongside a daily decline covered a separate interval.

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