Zcash (ZEC) rose $28 in an hour on Binance Thursday, even as it remained lower over 24 hours, while long liquidations across three exchanges exceeded short liquidations.
On Binance, Zcash traded against Tether (USDT) at $1,260 at 11:50 a.m. ET Thursday, versus $1,232 at 10:50 a.m. ET (15:50–16:50 UTC). The $28 hourly gain came as ZEC was 4.84% lower over the preceding 24 hours.
As of 17:01 UTC (12:01 p.m. ET), ZEC stood at $1,257.11, down 4.65% over 24 hours.
For that hour, Binance, Bybit and OKX recorded $1.2 million in liquidated long positions and $1.06 million in short positions, a $140,000 difference. The price comparison is limited to Binance spot trading; liquidation totals combine all three exchanges. Liquidations reflect forced position closures and do not show counterparties’ net gains or losses.
A separate EconoTimes snapshot of Zcash liquidations showed $550,000 in short liquidations and $30,000 in long liquidations during another one-hour period.
