RAY price rose roughly
↗6%
over the past day while trading showed more sellers than buyers over the same period.
Price and trading patterns diverge
Derivatives positioning expanded roughly
↗7%
over the past week while the buyer-to-seller ratio stood at 0.66 over the past day, meaning about 1.5 times more people were selling than buying even as price moved higher.
Selling pressure dominates trading
The buyer-to-seller ratio reached 0.66 over the past day while trading volume totaled approximately $9.6M over the same period, reflecting continued selling interest.
Investor behavior shows caution
Blockchain data showed investors were selling at a loss as of the August 31 snapshot, with sentiment in fear territory, though 408 new holders joined over the same period.
Derivatives activity expands
Positioning in leveraged markets grew over the past week while market-wide forced closures of short positions totaled approximately $10.3M over the past 4 hours, suggesting some traders betting against the price were squeezed out.