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Zcash price drops 2.81% in one hour with $1.7M long positions liquidated

Market News
23 Oct 2026
Tokenpost
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Bearish
Zcash price drops 2.81% in one hour with $1.7M long positions liquidated

Zcash (ZEC) experienced a 2.81% price drop within one hour, falling from $1,226 to $1,192 on Binance's spot market. During the same period, $1.7 million worth of long positions were liquidated across Binance, Bybit, and OKX exchanges, indicating significant selling pressure. Over the past 24 hours, ZEC also declined by 1.66%. This sharp hourly decline and liquidations highlight increased volatility and risk for Zcash traders. ZEC remains the 10th largest cryptocurrency by market capitalization, valued at about $20.77 billion at the time of reporting.

While Zcash dropped 2.81% in an hour on Binance, on Pluang it is down 2.56% over the past 24 hours as of Oct 24, 2026 06:03 WIB, trading at Rp21.199.133. This price is within reach of its circulating supply of 16.3 million ZEC, which is 78% of the total 21 million supply. The market cap on Pluang stands at Rp7,04 trillion, highlighting a different scale compared to the article's $20.77 billion valuation.

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