Reviewed by Reviewed by Jacob Thomas Updated 12:00 EDT October 2, 2026 Share Share Share Back to Top LayerZero [ZRO] was up 12% at press time, with Binance traders in the market driving the gains, as they remain critical to the asset’s next phase
Still, this doesn’t eliminate the broader role of traders across the perpetual market who are actively positioning for more upside
The broader gain in the market has been led by a surge in buying volume across the perpetual market for ZRO specifically
The volume across the perpetual market for ZRO hit roughly $279 million in the past day, with the Long/Short Ratio staying at 1.56 as of writing. This indicates that the volume in the market is largely coming from long traders
The context of the buying becomes more insightful when weighed against the Funding Rate of the market. This metric shows whether long or short positions are dominant in a perpetual contract market
CoinGlass data shows that Binance accounts for the majority of the positions, with the OI-Weighted Funding Rate reaching 0.0066%, suggesting bullish positioning remains dominant
Binance, among all other cryptocurrency exchanges, controls the most volume across other venues, with data from CoinGlass reporting it at $92.36 million
The volume dominance shows that the majority of the activity, more than 32% of the total volume, is coming from Binance. Moreover, traders’ actions matter in influencing the price trajectory
Data shows that Binance traders are fully bullish on the price outlook. Retail traders are accumulating, with buying volume at 1.57. Whales, who control large amounts of capital, are on the same side with a 4.47 Long/Short Ratio, while smart money, which makes profitable bets, is also extremely bullish
However, liquidation activity in the market warns that going bullish too soon carries a major risk of loss even as the price rallies. Binance traders in the past 24 hours have lost around $74,380, more than short traders’ $47,500 within the same window
More broadly, losses across the broader market point to the same trend, as a lack of proper positioning has put longs at more than $141,281 in losses over the past 24 hours
Sellers in the market remain a major concern for what could limit ZRO’s performance in the near term. As it is, spot market flow shows that traders have continued to cash out steadily from the market, with roughly $2.52 million in Netflow, indicating more selling than buying
This trend has continued over the last ten days, with roughly +$9.07 million in Netflow, confirming that sellers remain active in the market
Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work
