LayerZero Jumps 11.3% to $1.96 as $9.07M Sell Pressure Looms
- —ZRO trades at $1.96 with a $765 million market cap; volume rose 37% to over $210 million
- —Perpetual volume reached $279 million in 24 hours; long/short ratio at 1.56, Binance funding at 0.0066%
- —Whales on Binance show a long/short ratio of 4.47 versus 1.57 for retail
- —Net spot outflows totaled $9.07 million over ten days and $2.52 million in the latest session
Why it matters: Heavy long positioning against persistent spot outflows raises the risk of a sharp ZRO pullback if sentiment turns.
Source: Crypto Economy