Zcash (ZEC) Price: Shorts Hit 72% as Traders Bet Against a Rally

TLDR Binance top traders are heavily short on ZEC, with shorts at 72.05% versus 27.95% long. Garrett Jin’s $44.9 million short position is down about $21.98 million in unrealized losses. Spot Taker CVD shows buyers still absorbing supply despite the bearish positioning. ZEC Open Interest dropped 11.49% to $2.41 billion, and derivatives volume fell 42.06%. [...]

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