BARD is trading near its 24-hour high even as the price declined roughly
↘1.66%
over the past week, with traders watching the
$0.15 support level closely.
Mixed signals in trading activity
The cost to hold short positions reached approximately -40.7% annualized while market-wide liquidations heavily favored long positions over the past 24 hours, with roughly 4.3 times more long positions closed than shorts.
Shorts paying to hold positions
The negative funding rate means traders betting on price declines are paying a premium to maintain their positions, an unusual dynamic that typically occurs when selling pressure is elevated.
Limited supply currently available
Only about one-third of the total token supply is currently available for trading, with the full value if all tokens were released sitting at roughly 3 times the current market size.
Trading volume remains active
Daily trading volume reached approximately $4.9M over the past 24 hours, with the asset trading near the top of its recent price range despite the weekly decline.