Following a 56% weekly surge tied to tBTC adoption
, T rebounded roughly
↗7.11%
over the past 24 hours even as selling pressure persists.
Mixed signals across the board
Trading volume jumped roughly
↗52.57%
over the past 24 hours while the asset outpaced Ethereum Ecosystem peers by roughly
↗10.00%
over the same period, though more people are selling than buying.
Trading activity picks up
The asset outperformed Ethereum Ecosystem peers by roughly
↗10.00%
over the past 24 hours, with trading activity elevated compared to the weekly average which declined roughly
↘27.66%
over the past week.
Selling pressure remains elevated
More people are selling than buying over the past 24 hours, with roughly 1.56 times more sellers active in recent trading sessions.
Longer-term context
Despite the daily rebound, the asset declined roughly
↘6.35%
over the past week and remains down roughly
↘78.94%
over the past year.