$XPL holders face 10% loss as volume slips
XPL slid to $0.0635, down 10.4% in the past day. The 24‑hour volume of about $12 million is only 0.9 times its 7‑day average, indicating waning trader interest.
Over the week the token fell 12%, outpacing Bitcoin’s 3% decline, and sits 35% below its 30‑day peak. Futures data shows a modest +0.005% funding rate, meaning longs are paying shorts, while open interest dropped 10% to $34 million.
With long‑to‑short accounts at 0.87, shorts hold a slight edge. The fear‑driven sentiment index at 26 reinforces the downside pressure.
💬 Is the bearish trend likely to continue? One word.
#XPL #BinanceData
XPL slid to $0.0635, down 10.4% in the past day. The 24‑hour volume of about $12 million is only 0.9 times its 7‑day average, indicating waning trader interest.
Over the week the token fell 12%, outpacing Bitcoin’s 3% decline, and sits 35% below its 30‑day peak. Futures data shows a modest +0.005% funding rate, meaning longs are paying shorts, while open interest dropped 10% to $34 million.
With long‑to‑short accounts at 0.87, shorts hold a slight edge. The fear‑driven sentiment index at 26 reinforces the downside pressure.
💬 Is the bearish trend likely to continue? One word.
#XPL #BinanceData
