Zcash (ZEC) fell $28 on Binance over an hour Monday as long liquidations exceeded short liquidations, while its 24-hour reading remained positive.
Binance's ZEC/USDT spot market showed ZEC at $1,229 at 12:39 p.m. ET Monday (16:39 UTC), 2.21% below its $1,257 quote an hour earlier. ZEC was up 1.81% over 24 hours at that time.
The tally for Binance, Bybit and OKX put liquidated long positions at $310,000 and short positions at $10,000 for the same hour. Long positions are bets on rising prices, and the tally's long-side liquidation value was $300,000 higher than the short-side amount.
At 12:44 p.m. ET, CoinGecko and exchange spot data put ZEC at $1,228.30, up 1.52% over 24 hours as of 16:44 UTC. The spot quote is from Binance alone; the liquidation tally spans three exchanges.
A separate Oct. 19 EconoTimes snapshot showed $90,000 in short liquidations against $160,000 in longs during a different hour.
