Conclusion first: ZEC is up 12% in a day. In the last 4 hours, more than 90% of liquidations were dumped toward shorts, but funding rates are still negative—this shows the short positions holding on haven’t left.

Current price is around 1,238; over the past 24 hours the high was 1,275 and the low was 1,085. Binance and OKX are both capping their gains at roughly 12%.

In 24 hours, the entire network liquidated $258.8 million, with 78% being long liquidations. In the last 4 hours it got even more extreme: out of the $9.92 million liquidated, more than 90% were liquidations of shorts. An OKX order with 28,000 ETH worth of short positions was force-closed, causing a loss of $356,000. Over the past hour, the market mood has shifted again—more than half has flipped to longs.

Open interest surged 24% in a single day to $2.44 billion. Hyperliquid’s on-chain market share climbed to 28.6%, surpassing Binance’s 27.3% for the first time, making it the biggest player. Yet most exchanges’ funding rates are still negative, with an annualized figure around -16%, meaning shorts are still paying to hold on.

$ZEC $BTC

#爆仓数据 #futures market data

Despite the fee rebate, why are they still not closing positions—what are these short sellers aiming for?

View in real time: https://www.coinboss.com/currencies/ZEC