G's
↗11%
monthly climb ahead of the
Alpha Mainnet shutdown deadline is drawing mixed reactions as traders navigate the upcoming network transition.
Migration deadline shaping current activity
The November 1 migration deadline
is prompting users to move assets, with price gaining roughly
↗2.7%
over the past 24 hours even as trading volume declined approximately
↘20%
during the same period.
Selling pressure emerging over past day
More sellers than buyers appeared over the past 24 hours (1.88x ratio) while trading activity slowed, reflecting caution around the upcoming transition.
Investor positioning expanding
Investor positioning expanded roughly
↗10%
with the cost to hold positions remaining at approximately 0.01% (around 12% annually), suggesting some traders are maintaining exposure through the network upgrade.
Profit-taking visible in on-chain data
On-chain data shows profit-taking activity and fearful sentiment, with past security concerns continuing to weigh on confidence as the network prepares for its major upgrade.