Markets· ★★· neutral·

LayerZero jumps 12% as Binance traders drive perpetuals rally

  • —ZRO perpetual volume reached $279 million in 24 hours, Long/Short Ratio at 1.56
  • —Binance drives $92.36 million in volume, over 32% of the market
  • —Spot Netflow over ten days stands at +$9.07 million, favoring sellers
  • —Longs on Binance lost $74,380 in 24 hours versus $47,500 for shorts
Why it matters: The rally rests on perpetuals rather than spot demand, leaving its durability in question while outflows persist.
#ZRO
Source: AMBCrypto
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