BLEND's roughly
↘42%
monthly market cap decline continues as sellers outnumber buyers, despite trading activity jumping over the past day.
Selling pressure dominates across timeframes
BLEND's market cap fell roughly
↘42%
over the past month while sellers outnumbered buyers 1.25 times over the past day, with the price trading near its 24-hour low.
Traders positioned for further downside
Open interest declined roughly
↘2.8%
over the past day while funding rates turned negative at approximately -0.15% per 8 hours, indicating traders are paying to hold short positions.
Activity spike amid volatility
Trading volume jumped roughly
↗18%
over the past day and unique traders increased 66.7% over the same period, though this activity coincides with heightened selling pressure and high volatility.