Short positions worth $40,000 were liquidated across Binance, Bybit and OKX in an hour when Zcash (ZEC) rose on Binance, even as its separate daily reading remained negative.
The tally also recorded $20,000 in long liquidations over that window, leaving short liquidations at twice the long total. It covers Binance, Bybit and OKX; the price reading comes from Binance's ZEC/USDT spot market.
Binance's ZEC/USDT spot quote rose from $1,207 to $1,231 over the hour ending Sunday, Nov. 8, at 7:56 p.m. ET (00:56 UTC Monday, Nov. 9). The hourly gain was 2.02%, while ZEC's 24-hour change at that snapshot was down 2.04%. Those comparisons use separate periods: one hour for the price increase and 24 hours for the daily return.
A later market reading put ZEC at $1,243.41 as of 01:07 UTC Monday, Nov. 9, down 0.99% over 24 hours. It was taken 11 minutes after the Binance snapshot and reflects a newer time. EconoTimes previously described a separate Binance hourly rise that coincided with a daily loss.
