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Zcash (ZEC) Rises $29 on Binance as Short Liquidations Top Longs

Liquidation data showed $260,000 in short positions and $70,000 in long positions closed. CoinGecko and exchange spot data later put ZEC at $952.57.

Updated 1 min read
A data graphic compares Zcash’s hourly price move with short and long liquidations across three exchanges. / EconoTimes.ai
A data graphic compares Zcash’s hourly price move with short and long liquidations across three exchanges. / EconoTimes.ai

Short liquidations exceeded long totals as Zcash (ZEC) climbed on Binance, giving global crypto traders a snapshot of the token’s spot price move alongside position closures across three exchanges.

Between 10:36 and 11:36 a.m. ET Nov. 13 (15:36-16:36 UTC), Binance’s spot ZEC/USDT quote added $29, moving from $925 to $954. At 11:36 a.m. ET, its 24-hour gain stood at 0.10%, based on a separate comparison window.

Liquidation data for Binance, Bybit and OKX showed $260,000 in short positions and $70,000 in long positions closed during the same hour. The $330,000 total included $190,000 more in short than long liquidations.

CoinGecko and exchange spot data put ZEC at $952.57 at 11:42 a.m. ET (16:42 UTC), up 0.48% over 24 hours. That later reading uses a different comparison window from the 24-hour figure recorded at the Binance hour’s endpoint.

A previous Zcash advance with short liquidations twice as large as long liquidations showed a similar split during a separate one-hour period.

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