#美联储回购协议计划 The recent performance of tokens in the zero-knowledge proof sector has been quite good. Let's break down why.

First, from a technical perspective. Zero-knowledge proofs can verify information while protecting privacy, which is a hard requirement in areas like Layer2 scaling, privacy computing, and on-chain identity verification. With demand there, the story is compelling, and funds naturally want to explore.

Now, let's look at the recent market drivers.

**1. Positioning.** After a long period of adjustment, retail investors' chips have basically been cleared out, making it hard to push prices down further. Technically, you can see double bottoms or consolidation patterns, and the psychological defenses are rebuilding.

**2. Trading volume.** Transaction volumes are beginning to gently increase, but prices are still hovering at the bottom—this is a typical sign that the main players are quietly accumulating. Volume leads, and prices will follow sooner or later.

**3. Sentiment.** When concepts like privacy and zero-knowledge gain popularity, funds tend to look for low-priced assets with narrative support to make the first rebound. Once psychological expectations align, the gains can be quite sharp.

In the market, there are always people regretting missing out or being trapped. Instead of overthinking, it's better to pay attention to what the charts are telling us.