Zcash’s hourly decline on Binance coincided with far more long than short liquidations by dollar value across three exchanges.
Binance’s spot market showed ZEC at $1,198 at 11:21 a.m. ET Monday, Nov. 9, down 2.64% from $1,230 an hour earlier. At that snapshot, ZEC had fallen 5.19% over 24 hours, a separate measurement from the hourly move.
Long-position liquidations came to $460,000 and short liquidations to $10,000 across Binance, Bybit and OKX. A liquidation is an exchange’s forced closure of a leveraged trade. The tally gives dollar amounts for positions closed, but does not show traders’ final gains or losses.
As of 16:39 UTC, CoinGecko/exchange spot data listed ZEC at $1,193.61, down 5.01% over 24 hours. EconoTimes previously reported a four-hour decline in Binance’s ZEC/USDT spot market on Nov. 8, when the pair fell to $1,242.
