VTHO's
↘4.5%
daily decline follows the
VeChain Hayabusa upgrade, with sellers outnumbering buyers even as short sellers pay a premium.
Mixed signals across trading data
Trading volume dropped roughly
↘32%
over the past 24 hours while weekly volume rose approximately
↗18%
, with short sellers paying a premium to hold their positions.
Selling pressure dominates recent activity
Sellers outnumbered buyers by roughly 2.3 to 1 over the past day, creating selling pressure that pushed the price down approximately
↘4.5%
over the same period.
Short sellers paying to hold positions
Short sellers are paying a premium to maintain their positions, with the funding rate at approximately -0.024%, indicating more people betting on price declines.
Recent upgrade introduces fee burning
The VeChain Hayabusa upgrade
introduced a fee-burning mechanism, though the token previously hit
extreme oversold levels in mid-June with an RSI near 6%.