A $92 one-hour drop in Zcash (ZEC) on Binance coincided Nov. 10 with $8.96 million in long liquidations across three exchanges, far exceeding the value of short positions closed.
Binance’s ZEC/USDT spot quote moved from $1,184 at 10:12 a.m. ET (15:12 UTC) to $1,092 at 11:12 a.m. ET (16:12 UTC). The difference is 7.77% of the starting quote.
During that hour, short liquidations across Binance, Bybit and OKX totaled $110,000. The liquidation figures cover all three exchanges, while the hourly spot price comparison comes from Binance alone.
CoinGecko and exchange spot data showed ZEC at $1,091.61 as of 11:19 a.m. ET (16:19 UTC), down 8.98% over 24 hours. That daily measure starts at a different point from the hourly Binance comparison.
An earlier EconoTimes snapshot of Zcash trading recorded a separate 4.65% hourly decline. Liquidation totals count closed positions by value; they do not establish traders’ net gains or losses.
