ZKP experienced significant short-term selling pressure due to large-scale transfers by project parties. The resulting funding pressure caused the price to fall from the $0.079 high, but strong support around the $0.075 zone reflects solid buying interest. Currently, Bitcoin dominates overall market risk sentiment, and ZKP remains sensitive to shifts in broader sentiment. Although trading volume has seen abnormal increases, the overall structure is still range-bound. In the short term, it is recommended to focus on the effectiveness of the $0.075 support and the breakout situation around the $0.080 resistance. If the price revisits but holds above support, an upward move may resume. The suggested strategy is to buy low and sell high within the range, strictly control positions, and be prepared for liquidity shocks and volatility risks.

On-chain data shows the project team's multi-signature addresses transferred approximately 10 million ZKPs to centralized exchanges within a short period, accounting for about 3.7% of circulating supply. This occurred as the price attempted to break through the $0.08 level, leading to a significant surge in trading volume and a rapid price correction from the $0.079 high to around $0.078. The concentrated reallocation of funds had a distinct negative impact on short-term market sentiment.

The broader Bitcoin market remains range-bound above $75,000. The short-term holders' breakeven metric has risen above 1, but the price has yet to break through the $83,000 cost zone, meaning the market hasn't fully shifted into a risk-on mode. Altcoins remain correlated with Bitcoin; ZKP has gained some support once Bitcoin held key levels. However, macro liquidity hasn't fully recovered, resulting in overall cautious trading, and short-term sentiment remains uncertain.

Bitcoin recently surpassed $75,000 for the first time in 73 days, facing resistance near $78,000 with $74,000 seen as a critical support level for further gains. Market views diverge: bears cite weak macro liquidity and reliance on short-covering, while bulls highlight strong whale accumulation and potential breakthroughs above key moving averages. The broader market shows mixed signals amid geopolitical developments and fluctuating investor sentiment.

Trading moment: BTC encountered resistance at 78K, and it needs to hold 74K to aim for a breakthrough.

ChainCatcher reports that Bitcoin short-term holders' discount has narrowed from -21.6% to -5.7%, with the STH-SOPR 7-day average rising above 1, indicating short-term sellers are no longer clearly at a loss. However, the current price remains below the $83,000 cost basis, suggesting the market has not yet entered a true risk-on phase.

Data: Analysis: Short-term Bitcoin holders' discount narrows, market warms up but risk appetite has not yet started.

From the daily chart, ZKP has formed multiple supports around $0.075 since early April and broke above $0.076 mid-month, establishing an upward trend. Recently, the price has faced resistance at higher levels and pulled back, but it still holds above the 20-day moving average, indicating the uptrend remains intact. Trading volume has seen sharp swings due to large transactions, but the consolidation range is set between $0.075 and $0.080. Moving forward, watch whether the $0.080 resistance can be convincingly breached, and if the $0.075 support will be retested and hold firm.

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Panther Protocol Price: ZKP Live Price Today | ZKP Market Cap & Chart Analysis | Bybit-eu

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ZKP price today is 0.01, with a live price change of 0.07 in the last 24 hours. Convert, buy, sell and trade ZKP on Bybit-eu.

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