A calculation of public liquidation data from Binance, Bybit and OKX put liquidations at $14.34 million for the hour that closed at 11:37 a.m. ET Tuesday, Nov. 10 (16:37 UTC), while Zcash (ZEC) fell 9.57%.
A falling market works against traders positioned for gains, while a rising one hurts those positioned for declines; liquidation closes a position by force. Long positions accounted for $14.21 million of the tally, compared with $130,000 for short positions. Other exchanges are outside the calculation, so the amount does not capture liquidation activity across the entire market. ZEC was quoted at $1,128 at the start and $1,020 at the end, a 9.57% fall based on those displayed prices.
An earlier EconoTimes snapshot from Tuesday for the hour ending at 9:17 a.m. ET showed a different split: $1.38 million in long liquidations and $1.13 million in short liquidations.
As of 17:10 UTC Wednesday, Nov. 11 (12:10 p.m. ET), CoinGecko and exchange spot data put ZEC at $1,010.60, up 0.21% over 24 hours. That daily change covers a longer period than the one-hour move.
