CHZ faces heavy selling pressure with roughly 2.6 sellers for every buyer over the past 24 hours, even as trading volume climbed
↗50%
over the past week.
Mixed signals emerging
Price declined roughly
↘11%
over the past week and roughly
↘47%
over the past month, moving sideways while Layer 1 peers also faced headwinds, trailing the category by approximately
↘3.7%
over the past week.
Trading activity picking up
Trading volume rose roughly
↗50%
over the past week and approximately
↗23%
over the past 24 hours, with unique traders increasing around
↗36%
over the past day, indicating continued interest despite the price decline.
Investors realizing losses
Blockchain data shows investors are selling at a loss, with loss realization metrics at approximately 0.86 and sentiment indicators reflecting caution. Exchange inflows slightly exceeded outflows over the past day, adding to near-term pressure.
Derivatives positioning steady
Funding rates held at approximately 0.01% (around 11% annualized) over recent periods, reflecting balanced positioning among traders using leverage.