Data: The total open interest of ZEC contracts across the entire network surged by 29% in 24 hours, with the long-short ratio indicating that long positions are concentrated among a few large holders

According to Coinglass data, the total open interest for ZEC futures contracts across the network is 2.34 million coins, approximately 3.35 billion USD, with a 29% increase in the last 24 hours. In the last 4 hours, the liquidation amount for ZEC was 9.08 million USD, and the liquidation amount in the last 24 hours was 58.9 million USD.

On Binance, the long-short ratio for ZEC/USDT accounts is 0.3646, the long-short ratio for large accounts is 0.3168, and the long-short ratio for large account positions is 0.7663. This indicates that there are more short traders, while the relatively lower long positions are more concentrated among a few large holders.