A $55 hourly slide in Zcash (ZEC) on Binance coincided with higher liquidation totals for long than short positions across three exchanges, while separate spot data later showed ZEC down 10.53% over 24 hours.
The Binance spot market for Zcash against Tether (USDT) quoted the coin at $1,128 at 10:37 a.m. ET (15:37 UTC) Tuesday, compared with $1,183 an hour earlier. That was a $55, or 4.65%, hourly decline. Binance's 24-hour reading at the same time showed a 7.91% loss.
Across Binance, Bybit and OKX, data showed $2.73 million in long ZEC liquidations and $510,000 in short liquidations during that hour.
At 10:54 a.m. ET (15:54 UTC), CoinGecko and exchange spot data put ZEC at $1,092.11, down 10.53% over 24 hours. The separate reading showed Bitcoin (BTC) down 3.06% and Ether (ETH) down 5.75% over the same 24-hour period. The hourly Binance comparison and the 24-hour changes measure different periods.
The move followed a separate Binance decline late Monday, when ZEC fell 2.09% in an hour and its 24-hour loss was 7.18%.
