Zcash Rises 2.33% in One Hour to $1,250 on Binance Spot Market

Zcash (ZEC) rose 2.33% in one hour to $1,250 on Binance's ZEC/USDT spot market at 10:58 a.m. ET on Oct. 26, as short liquidations exceeded long liquidations. ZEC had traded at $1,222 an hour earlier and was up 3.16% from 24 hours before the latest quote. TokenPost directly collected public exchange prices and calculated the changes. The latest Binance spot observation was made at 14:58 UTC, corresponding to 10:58 a.m. ET. Over the same hour, $410,000 in Zcash short positions were liquidated on Binance, Bybit and OKX, compared with $10,000 in long positions. TokenPost's combined tally for the three exchanges was $420,000. Short positions accounted for nearly all liquidations in that one-hour window. Zcash ranked 10th among cryptocurrencies by market capitalization, at approximately $20,847,040,000.

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