Add as a preferred source on GoogleZcash Rises 3.01% in One Hour to $1,005 on Binance Spot
ZEC remained down 8.02% over 24 hours. Same-hour liquidations across three exchanges were higher for short positions than long positions.
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. The spot comparison covers one hour on Binance's ZEC/USDT market; the liquidation tally combines the three exchanges. At the 11:17 a.m. ET snapshot, short liquidations were about twice the long total, while ZEC remained down over 24 hours.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.