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Zcash Drops $32 on Binance as Long Liquidations Reach $810,000

The Zcash (ZEC)/Tether (USDT) spot quote fell 3.42% in an hour. Over that interval, the three-venue tally showed $810,000 in long liquidations and $10,000 in short liquidations.

Updated 1 min read
An anonymous commuter checks a phone beside Singapore’s Marina Bay waterfront at night. / TokenPost.ai
An anonymous commuter checks a phone beside Singapore’s Marina Bay waterfront at night. / TokenPost.ai

Zcash (ZEC) fell $32 on Binance late Friday, while a tally spanning three exchanges recorded $810,000 in long liquidations in the same hour, pairing a spot-market decline with closures of leveraged positions.

Binance's ZEC/USDT spot quote stood at $904 at 11:02 p.m. ET Friday, Nov. 13 (04:02 UTC Saturday, Nov. 14), down from $936 one hour earlier. The change amounted to 3.42%; the 24-hour decline at that reading was 2.43%.

Across Binance, Bybit and OKX, the hour's tally recorded $810,000 in long liquidations and $10,000 in short liquidations. The tally shows the value of closed positions, not traders’ final trading results.

As of 11:13 p.m. ET Friday (04:13 UTC Saturday), ZEC traded at $904.06, down 3.33% over 24 hours, according to CoinGecko and exchange spot data.

An earlier Nov. 13 Binance snapshot showed a separate $30 one-hour decline from $968 to $938 and $1.2 million in long liquidations across three exchanges.

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