MORPHO's roughly

↗6.28%

weekly advance is unfolding as blockchain data reveals existing holders exiting at a loss, a divergence suggesting fresh participants are driving the move.

Conflicting signals between price and holder behavior

The asset climbed over the past week even as on-chain data showed loss realization from existing holders, indicating those who purchased at higher levels chose to exit into strength rather than hold through the advance.

Network activity showing fresh participation

Blockchain activity recorded 377 active addresses over the past day, with 72 new participants joining during the same period, demonstrating fresh interest despite selling patterns from current holders.

Trading conditions for larger positions

Trading volume reached approximately $22.8M over the past 24 hours, though available liquidity of around $169K means larger orders may encounter higher execution costs given the thin order books.

Positioning in derivatives markets

Investor positioning in derivatives declined roughly

↘1.80%

in recent periods, while the cost to maintain positions remained at approximately 0.01% over the past day (around 9.87% annualized).