ZKJ's fee structure has been changed to 1 hour, brothers in the Air Force, take it easy. As for why I am shorting at this critical moment, the reason is simple.

ZKJ just started to rise at a time when the previous fee period was approaching settlement.
No need to overthink, it’s clear that the market maker’s reason for suddenly building large long positions is only twofold: one is to trigger a short squeeze, and the other is to profit from the fees.
You should know that the funding rate in the last cycle had already reached -2, which also posed a deadly attraction for the market maker, since fees are also their main source of profit.
In the recent surge, many short positions were liquidated, and although the fee period was changed to one hour, the rate significantly decreased.
This fully indicates that the core forces of the shorts have already suffered heavy losses, and market sentiment has also changed—shifting from generally bearish to afraid to short or even chasing the rally.
I think the market maker might do everything possible to induce more longs now, then gradually close their long positions, and switch to short positions, causing the coin’s price to continue falling, just like DAM.
But if it only declines steadily, in this fee environment, shorting is obviously not cost-effective. I am also betting that ZKJ can stage a waterfall drop before delisting.
For a safer approach, it’s better to observe its fee situation more closely, or wait until it shows another volume surge before deciding whether to enter the market.
$ZKJ