This run of $ZKC isn’t over yet.
I checked the volume: a trading value of 67.88 million, and within 24 hours it directly produced a 31.82% surge. The low was 0.04342 and it climbed to a high of 0.07081—a 63% amplitude. Such a move can’t be piled up in a low-cap altcoin by retail “chasing” alone; it requires a main player to throw real money into it.
The volume and price action are very clean—rising on increased volume, with no low-volume “stall” signal at the high level. That means buyers are still actively pursuing, not distributing. But I noticed one key point: the funding rate is -0.0805%. The shorts are paying the longs, with an annualized cost close to -58.6%. This suggests that in the futures market, people are actually betting on it to fall, yet the spot price is being pushed up stubbornly.
When the funding rate and the price trend diverge, it indicates that the spot buying pressure is overpowering shorts’ expectations. This structure could mean either the main player is deliberately using the spot market to squeeze the shorts, or there’s truly new capital coming in to take over the bids. Either way, the bulls have a clear advantage in the short term.
Veteran “old leek” take: 0.05886 isn’t cheap, but the trend hasn’t broken yet. Whether it can continue up to above 0.07 depends on whether it can hold steady above 0.06 tonight.
Comment section: click 1 to be bullish and break the prior high; click 2 if you think it needs to pull back to 0.052 first 👀
#ZKC
I checked the volume: a trading value of 67.88 million, and within 24 hours it directly produced a 31.82% surge. The low was 0.04342 and it climbed to a high of 0.07081—a 63% amplitude. Such a move can’t be piled up in a low-cap altcoin by retail “chasing” alone; it requires a main player to throw real money into it.
The volume and price action are very clean—rising on increased volume, with no low-volume “stall” signal at the high level. That means buyers are still actively pursuing, not distributing. But I noticed one key point: the funding rate is -0.0805%. The shorts are paying the longs, with an annualized cost close to -58.6%. This suggests that in the futures market, people are actually betting on it to fall, yet the spot price is being pushed up stubbornly.
When the funding rate and the price trend diverge, it indicates that the spot buying pressure is overpowering shorts’ expectations. This structure could mean either the main player is deliberately using the spot market to squeeze the shorts, or there’s truly new capital coming in to take over the bids. Either way, the bulls have a clear advantage in the short term.
Veteran “old leek” take: 0.05886 isn’t cheap, but the trend hasn’t broken yet. Whether it can continue up to above 0.07 depends on whether it can hold steady above 0.06 tonight.
Comment section: click 1 to be bullish and break the prior high; click 2 if you think it needs to pull back to 0.052 first 👀
#ZKC