SPK rose roughly

↗40%

over the past month while trading volume declined roughly

↘44%

over the past week, outpacing Proof of Stake peers.

Seller pressure outweighs buyer interest

The buyer-to-seller ratio reached 0.60 over the past 24 hours, indicating roughly 1.68 times more sellers than buyers in recent trading activity.

Loss realization and cautious sentiment

As of the September 8 snapshot, some investors were selling at a loss (SOPR at 0.98) while overall sentiment remained cautious (NUPL at -0.24).

Exchange flows balanced

Movement in and out of exchanges was roughly balanced over the past day while the network recorded 175 active addresses as of the September 8 snapshot.

Futures positioning remains neutral

Investor positioning in futures markets showed a funding rate of approximately 0.01% over the past 24 hours.