Zcash Falls 2.53% in an Hour to $1,117 as Long Liquidations Hit $1.31M

Zcash (ZEC) fell 2.53% in the hour through 1:05 p.m. ET (17:05 UTC) Oct. 17, reaching $1,117 on Binance’s spot ZEC/USDT market. ZEC was $1,147 one hour earlier. The one-hour change was calculated from public exchange prices. The 24-hour comparison showed ZEC down 2.64% at the same measurement point. The price check used Binance’s spot ZEC/USDT pair. Liquidation totals across Binance, Bybit and OKX for the hour were $1.31 million in long positions and $10,000 in short positions. Long positions are bets that an asset’s price will rise; liquidations are forced position closures when a trader cannot maintain a position.

Source: TokenPost