ZK price rose roughly
↗14%
over the past month while the number of active traders declined roughly
↘40%
over the past 24 hours.
Volume and selling pressure diverge
Trading volume surged roughly
↗54%
over the past week but dropped roughly
↘46%
over the past 24 hours, with sellers outnumbering buyers by roughly 2 to 1 over the same period.
Trading activity declining
The number of people trading the asset fell roughly
↘40%
over the past 24 hours while selling pressure remained elevated, with approximately twice as many sellers as buyers over the same period.
Positioning shows caution
Investor positioning in futures markets declined roughly
↘13%
while the cost to hold positions stood at approximately 0.01% over the past 8 hours, as market-wide forced selling hit long positions harder than short positions.
Behind Layer 2 peers
ZK trailed other Layer 2 blockchain projects by roughly
↘32%
over the past week, even as the monthly price gain outpaced the broader category average.