I think the simplest option here would be to use the zlib Python library via embedPy.
The byte string is passed to the decompress function with the Deflate settings found here. In Python this returns a bytes object, so we can decode this using UTF-8 into a Python string, with the final backtick (`) specifying that we want this to be returned as a q type (also a string).
We can then convert this from a JSON string into a KDB object using .j.k
q)l p.q
q)zlib:.p.import`zlib
q)i:0xab562a494cca4955b2522a2e4f2cd0cf4d2cca8e2f28ca4c4e55d2514a492c4954b28aae56cacc2b2e292acd4dcd2b89cf4c012a750a71d60d0d76d10d0e770c00aa43d264a56462606a68ac6709142ec9cc4d2d2e49cc2d00ea30323032d4350022cb1043732b230b2b23333d2323a328a5dad85a00
q).j.k zlib[`:decompress][i;neg zlib[`:MAX_WBITS]`][`:decode;"utf-8"]`
table| "swap/mark_price"
data | +`instrument_id`mark_price`timestamp!(,"BTC-USD-SWAP";,"40513.9";,"2021-01-09T17:28:26.222Z")
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