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Zcash Reaches $1,315 on Binance as Short Liquidations Hit $280,000

Long-side liquidations totaled $130,000 across Binance, Bybit and OKX. As of 9:21 p.m. ET Wednesday (02:21 UTC Nov. 5), ZEC was $1,309.13, up 8.92% over 24 hours.

Updated 1 min read
An unmarked privacy coin rests beside uneven token stacks in a conceptual cryptocurrency market graphic. / TokenPost.ai
An unmarked privacy coin rests beside uneven token stacks in a conceptual cryptocurrency market graphic. / TokenPost.ai

A Binance spot reading put Zcash (ZEC) at $1,315 at 9:15 p.m. ET Wednesday (02:15 UTC Nov. 5), after a reported 2.04% hourly rise, while short liquidations outweighed long liquidations on three exchanges.

Binance's Zcash/Tether (ZEC/USDT) spot market quoted $1,315, against $1,288 an hour earlier. The reported hourly gain was 2.04%, while the displayed prices imply about 2.10%.

Across the three venues — Binance, Bybit and OKX — short liquidations amounted to $280,000 for the hour. Long-side liquidations came to $130,000. The tally covers a single hour, rather than a full-day period.

As of 9:21 p.m. ET Wednesday (02:21 UTC Nov. 5), live market data showed ZEC at $1,309.13, up 8.92% over 24 hours. This 24-hour reading measures a broader window than the one-hour Binance price check. Separately, a market capitalization near $22.3 billion gave ZEC a 10th-place ranking.

A previous EconoTimes report covering a separate hourly ZEC move recorded $550,000 in short liquidations on the three exchanges.

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