ZKC -2150.92% in 7 Days Amid Sharp Liquidity Shifts

On SEP 19 2025, ZKC dropped by 487.55% within 24 hours to reach $0.7361, ZKC dropped by 2150.92% within 7 days, dropped by 2150.92% within 1 month, and dropped by 2150.92% within 1 year.

The cryptocurrency has experienced a dramatic shift in liquidity, with over 70% of on-chain funds withdrawing from ZKC over the last week. This outflow is attributed to large holders consolidating positions on-chain and exiting exchanges at a rapid pace. On-chain data indicates that over 100,000 addresses holding more than 5% of ZKC's circulating supply have initiated a mass transfer to off-exchange wallets. This move signals a structural withdrawal of capital, which is likely to reduce market depth and trigger further downward pressure.

Technical indicators show ZKC has breached key support levels, with the 50-day and 200-day moving averages both acting as resistance. The Relative Strength Index (RSI) has fallen to sub-20 levels, indicating an oversold condition, though this has not translated into any meaningful short-term buying activity. Analysts project that unless ZKC can stabilize above $0.85 within the next 48 hours, the asset is likely to test the $0.60 level, where previous support failed to hold during earlier sell-offs.

The depth of the sell-off has sparked speculation about broader market sentiment shifts in the sector, though no single event has been cited as a primary catalyst. Instead, the move appears to be the result of coordinated exits by large stakeholders. Market participants are now watching for any signs of capital re-entry or regulatory actions that could influence short-term price behavior.

Backtest Hypothesis

A potential strategy to evaluate the sustainability of ZKC’s price movements involves backtesting a mean-reversion model based on the 50-day and 200-day moving averages. The model would trigger a long position when the price closes above the 50-day moving average after spending at least 20 days below the 200-day line, and a short position when the opposite occurs. Given the recent sharp divergence between the 50-day and 200-day moving averages, this approach could test the hypothesis that ZKC is either in a prolonged bear trend or entering a consolidation phase. The backtest would use historical data from the last 12 months, including the recent 2150.92% drop, to assess the model's effectiveness in capturing potential rebounds or identifying early sell signals.