Short positions account for 72.05% among Binance top traders, versus only 27.95% for longs, with a Long/Short Ratio of 0.39. Garrett Jin, a prominent figure in crypto trading, holds a 39.76K ZEC short position worth approximately $44.90 million, entered at $576.30, resulting in an unrealized loss of $21.98 million at the current price of $1,128.58. Spot market activity remains buyer-dominant over 90 days, showing underlying demand contrasting with the bearish derivatives positioning. Open Interest dropped 11.49% to $2.41 billion and derivatives volume fell 42.06% to $5.99 billion in 24 hours, indicating traders are reducing exposure rather than adding leveraged positions. Technically, the price sits within a Fair Value Gap between $1,023.60 support and current levels, in a potential correction phase before a new bullish expansion.
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