Zcash (ZEC) advanced 3.31% in an hour to $1,234 on Binance Wednesday, while short liquidations across Binance, Bybit and OKX reached $550,000, showing forced closures accompanied the move.
On Binance, the Zcash/Tether (ZEC/USDT) spot pair moved from $1,195 to $1,234 during the hour ending at 12:25 a.m. ET. The liquidation tally for the three exchanges showed $550,000 in short positions and $30,000 in long positions closed during that period.
As of 05:30 UTC (12:30 a.m. ET), ZEC was $1,228.78, up 8.51% over 24 hours, according to live market data. That reading came five minutes after the Binance quote and uses a separate 24-hour comparison.
An earlier EconoTimes report on a separate one-hour ZEC rise recorded $410,000 in short liquidations.
