Zcash (ZEC)’s one-hour slide on Binance coincided with $1.2 million in long liquidations across three exchanges, a snapshot of leveraged positions closed during a sharp digital-asset move.
Binance’s spot quote for ZEC against Tether (USDT) stood at $938 at 10:31 a.m. ET (15:31 UTC) Friday, Nov. 13, down from $968 at 9:31 a.m. ET. The $30 difference equals about 3.10% of the earlier quote.
During the same hour, long liquidations across Binance, Bybit and OKX totaled $1.2 million, compared with $140,000 in short liquidations. The long-side total exceeded the short-side figure by $1.06 million, or about 8.6 times.
Liquidation totals count the value of positions closed and do not show traders’ net gains or losses, as EconoTimes noted in an earlier report on Zcash liquidations. Its Nov. 10 report on a separate Zcash drop recorded $8.96 million in long liquidations across the same exchanges.
The hourly and 24-hour percentages use different comparison periods: the first compares the quote with its level an hour earlier, while the second compares it with its level a day earlier. At 10:50 a.m. ET (15:50 UTC), ZEC was $936.13, down 1.97% over 24 hours.
