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Altcoins & DeFi

Zcash Rises 3.01% in One Hour to $1,005 on Binance Spot

Image: TokenPost

Zcash (ZEC) rose 3.01% in the hour to 11:17 a.m. ET (16:17 UTC) Nov. 11, reaching $1,005 on Binance's ZEC/USDT spot market from $975 one hour earlier. The pair traded at $975 at 10:17 a.m. ET and $1,005 at 11:17 a.m. ET, a $30 increase over that window. The reported $1,005 level was down 8.02% from its reading 24 hours earlier, leaving the hourly and daily changes in opposite directions. Liquidations across Binance, Bybit and OKX totaled $1.19 million in the same hour. Short positions accounted for $800,000 of the total, while long positions accounted for $390,000, a $410,000 difference. The figures combine two market measures: ZEC's spot-price change and the dollar value of liquidated positions.

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