Positions betting against Zcash (ZEC) accounted for $490,000 in liquidations across three exchanges in one hour, while a Binance spot check showed a reported 5.92% four-hour price rise to $1,212.
The Oct. 21 ZEC/Tether (USDT) spot reading compared with $1,144 four hours earlier. ZEC was also 6.36% above its level 24 hours before the check, a comparison with a different starting price. Zcash ranked 10th among crypto assets by market value, at about $20.55 billion in the snapshot.
The liquidation count covered Binance, Bybit and OKX and recorded $0 in long liquidations. The $1,212 spot quote came from Binance alone. The price change and liquidation total also covered different periods: four hours and one hour, respectively.
An Oct. 19 EconoTimes snapshot of Zcash trading showed the opposite liquidation pattern during a separate hour. With ZEC quoted at $1,123 on Binance, long liquidations totaled $1.61 million across the three exchanges, compared with $60,000 in short liquidations.
