Zcash Drops 4.62% in Four Hours to $1,171 as Long Liquidations Top $1.15M

Zcash (ZEC) fell 4.62% in four hours to $1,171 at 12:45 p.m. ET Oct. 16 (16:45 UTC) in Binance spot ZEC/USDT trading. ZEC stood at $1,228 four hours earlier, a $57 per-token decline. Over 24 hours, ZEC was down 1.48%. The four-hour percentage decline was just over three times the 24-hour net decline, showing that the shorter-period move was sharper. Zcash ranked No. 10 by market capitalization at about $20.08 billion. One-hour ZEC liquidations across Binance, Bybit and OKX totaled $1.15 million in long positions and $20,000 in short positions. The long liquidation total was 57.5 times the short total.

Source: TokenPost