BAND declined roughly
↘8%
over the past week as selling pressure intensified, with more sellers than buyers pushing the oracle token lower across multiple timeframes.
Selling pressure dominates
BAND dropped approximately
↘8%
over the past week and roughly
↘25%
over the past month, underperforming the broader DeFi category which fell around
↘3%
weekly, while sellers outnumbered buyers by 3-to-1 over the past 24 hours.
Trading activity weakens
Participation is declining, with the number of active traders falling roughly
↘19%
over the past 24 hours while trading volume remains below the market average.
Shorts maintain conviction
Traders betting against BAND are paying a premium to hold their positions, with negative funding rates reflecting an annualized cost of approximately
↘28%
, signaling sustained bearish sentiment in the derivatives market.