LayerZero (ZRO) surged 12% at press time, driven by Binance traders who account for over 32% of total volume with $92.36 million traded. The perpetual market saw roughly $279 million in volume over 24 hours, with a Long/Short Ratio of 1.56 and an OI-Weighted Funding Rate of 0.0066%, indicating dominant bullish positioning. However, spot market flows show persistent selling pressure with a Netflow of $2.52 million and nearly $9.07 million in Netflow over ten days, posing a risk to the continuation of the rally. Liquidations also hurt long positions, with losses exceeding $141,281 across the broader market in the past 24 hours.
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