Despite

↗11%

weekly gains, SYRUP is seeing more sellers than buyers as traders face steep costs to maintain positions.

Multiple pressures building

The price declined roughly

↘4.15%

over the past day while profit-taking activity increased and selling pressure intensified, with 1.67x more sellers than buyers over the same period.

Selling activity intensifying

The asset is trading near its 24-hour low at approximately 3.5% of the daily range while the buyer-to-seller ratio sits at 0.60 over the past day.

Leverage costs climbing

The annual cost to hold leveraged long positions reached approximately 24% while forced closures of long positions outpaced short closures by 3.1x over the past 24 hours.

Profit-taking activity rising

Blockchain data shows investors are selling at a profit while overall sentiment reflects fear, with net selling activity reaching approximately $94M.