LAYER is consolidating with roughly

↘5.71%

daily decline as selling pressure builds and trading activity cools.

Multiple headwinds converging

Selling pressure intensified with a buyer-seller ratio of approximately 0.50 (2x more sellers than buyers) over the past 24 hours while trading volume declined roughly

↘5.25%

over the same period.

Selling pressure intensifying

More people are selling than buying, with sellers outnumbering buyers roughly 2-to-1 over the past 24 hours, and blockchain data shows investors are selling at a loss (SOPR at 0.9776).

Trading activity cooling

Trading volume fell roughly

↘15.21%

over the past week while investor positioning (measured by open interest) declined roughly

↘6.30%

over the past 24 hours, indicating reduced market participation.

Network activity remains subdued

Active addresses on the blockchain stood at 166 over the past day while new holders remained minimal, reflecting the broader cooling in market interest.