$ZK is currently at 0.017684, up 10.38% in 24 hours. Over 4 hours, the price rose 16.9%, open interest value increased 59.4%, and the funding rate is pinned at -0.0183%. My first reaction is that newly opened long positions are pushing hard against the negative funding rate. There’s no sign of chase buying cooling off, and the short-term pullback level first lands at 0.01568.

#ZK #Contract Open Interest