Zcash Falls 2.62% in an Hour to $1,128 as Long Liquidations Total $840,000

Zcash (ZEC) fell 2.62% in one hour to $1,128 on Binance spot ZEC/USDT at 5:30 p.m. ET (21:30 UTC) on Oct. 17. The exchange reading stood at $1,159 an hour earlier, a $31 difference from the later quote. Over 24 hours, ZEC was down 1.15%, a smaller percentage decline than its move in the final hour of the measured period. Across Binance, Bybit and OKX, liquidations for that hour totaled $840,000 in long positions and $100,000 in short positions. Combined, the liquidations reached $940,000; long liquidations made up the larger share of the recorded total. Zcash ranked 10th by market capitalization, at about $19,558,290,000. The ranking and value offer market context for the hourly move, while the price and liquidation readings cover a shorter interval.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.