BLEND's roughly

↘42%

monthly market cap decline continues as sellers outnumber buyers, despite trading activity jumping over the past day.

Selling pressure dominates across timeframes

BLEND's market cap fell roughly

↘42%

over the past month while sellers outnumbered buyers 1.25 times over the past day, with the price trading near its 24-hour low.

Traders positioned for further downside

Open interest declined roughly

↘2.8%

over the past day while funding rates turned negative at approximately -0.15% per 8 hours, indicating traders are paying to hold short positions.

Activity spike amid volatility

Trading volume jumped roughly

↗18%

over the past day and unique traders increased 66.7% over the same period, though this activity coincides with heightened selling pressure and high volatility.