LAYER's trading participation surged roughly

↗37.5%

over the past 24 hours even as the price dipped roughly

↘2.87%

over the same period, signaling mixed investor interest.

Mixed signals across the market

More sellers than buyers (1.83x ratio) pushed trading volume down roughly

↘22.22%

over the past 24 hours, while active positions in trading markets expanded roughly

↗2.37%

over the past 4 hours.

Selling pressure remains elevated

Forced closures of long positions reached approximately $13.07 million over the past 24 hours as selling pressure dominated, with roughly 1.83 times more sellers than buyers over the same period.

Funding costs holding steady

Costs for maintaining positions held at approximately 0.000091 (around 10.45% annualized) over recent hours, indicating steady expenses for traders despite the price dip over the past day.

Trailing DeFi peers

LAYER underperformed the broader DeFi sector by roughly

↘3.25%

over the past day, with the category showing mixed results as top performers gained while others consolidated.