Zcash Falls 2.29% in an Hour to $1,250 on Binance Spot Market

Zcash (ZEC) fell 2.29% in one hour to $1,250 on Binance’s spot ZEC/USDT pair at 6:20 p.m. ET Thursday. One hour earlier, the Binance spot pair was at $1,279, making the one-hour change a $29 decline. The 2.29% figure covers that interval; the 4.25% loss measures the full 24 hours through the same observation. Those percentages use different time windows, describing the short-term drop and the broader daily change separately. Liquidations across Binance, Bybit and OKX during that hour totaled $250,000 for long positions and $220,000 for short positions. A liquidation is a forced closing of a trading position; long positions bet on rising prices, while short positions bet on declines. Zcash’s market capitalization was about $21.19 billion, placing it 10th among crypto assets by market value in the snapshot.

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