Inside ZORA crypto’s 790% run: 3 signals hint at a 60% correction!
The post Inside ZORA crypto’s 790% run: 3 signals hint at a 60% correction! appeared on BitcoinEthereumNews.com.
Key Takeaways ZORA crypto’s 36% rally coincides with a $105 million Open Interest spike and bullish derivatives activity, but heatmap and FVG signals hint at a trap setup, suggesting a 60–70% correction may soon follow. Zora [ZORA] crypto posted a stunning 36% gain on the 27th of July, extending its four-week surge to 790%. Interestingly, market sentiment suggests ZORA’s rally may not be over yet. Liquidity inflow has risen notably, while outflows have declined. Here’s a full breakdown of the factors that could influence ZORA’s continued rise. Derivatives frenzy as Open Interest explodes According to CoinGlass, ZORA recorded its highest single-day liquidity inflow into the derivatives market as of the 27th of July. At press time, Open Interest jumped by $105.53 million, rising from $34.30 million to $139.83 million in just two days. Source: CoinGlass In fact, Spot market sentiment also pivoted. While ZORA saw $9.41 million in outflows between the 26th and 27th of July, that pressure eased quickly, with net spot outflows shrinking to just $657.86K by the 28th of July. This indicates that while derivative market inflows hit a new high, spot market participants have begun buying, showing a more optimistic outlook for the memecoin. Source: CoinGlass Binance leverage move sparks ZORA’s inflow rush The latest liquidity surge follows Binance’s announcement of 50x leverage support for the ZORA/USDT pair, leading to a $230 million volume spike. Moves like this typically boost market liquidity, especially during periods of high demand. In fact, exchange data on CoinGlass also revealed that 7 out of 10 platforms are seeing higher buy volume at the moment, tilting the Long/Short Ratio across multiple exchanges in favor of buyers. Bybit, MEXC, Bitget, and Hyperliquid [HYPE], all show over 50% of takers positioned long, with only Gate.io and Bitunix tilting slightly bearish. Naturally, this…
Filed under: News - @ July 28, 2025 6:34 pm