Zcash traded near $1,128.58, holding above $1,100 while Binance top-trader accounts were 72.05% short and 27.95% long, producing a 0.39 long-short ratio. Garrett Jin's 39.76K-ZEC short position, entered at $576.30 and valued near $44.90 million, showed about $21.98 million in unrealized losses, with liquidation set at $2,540.50. The figures differ from an earlier Lookonchain report that said Jin had reduced his short position to 32,760 ZEC and faced a liquidation price of $2,857. Spot Taker CVD remained buyer-dominant despite bearish derivatives positioning, while open interest fell 11.49% to $2.41 billion and derivatives volume dropped 42.06% to $5.99 billion. Analysts are watching a fair value gap near $1,023.60 after ZEC failed to clear $1,256.68 resistance, with MACD readings remaining positive.