Zcash Rises 2.34% in One Hour to $1,221 on Binance Spot Market

Zcash (ZEC) climbed 2.34% in one hour to $1,221 on Binance at 4:30 p.m. ET (20:30 UTC) on Oct. 20, extending its 24-hour gain to 8.11%. TokenPost calculated the change from public ZEC/USDT spot prices it collected directly from Binance. The asset traded at $1,193 one hour before the $1,221 reading. The two prices provide the basis for the measured one-hour change in that spot market. During the same hour, TokenPost counted $120,000 in Zcash short liquidations and $10,000 in long liquidations across Binance, Bybit and OKX. A short position is positioned to profit from a price decline. Liquidation is the forced closing of a leveraged position when it no longer meets collateral requirements. Positions betting against ZEC made up most of the measured liquidations.

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