TRB rose roughly
↗24%
over the past month while trading volume increased roughly
↗29%
over the past week, though sellers outnumbered buyers by approximately 2.2 to 1 over the past 24 hours.
Price and activity show mixed signals
Price declined roughly
↘11%
over the past week while active addresses numbered 126 as of the September 15 snapshot, with on-chain transfer volume at approximately $4M over the same period.
Selling pressure visible on-chain
More people are selling than buying, with sellers outnumbering buyers by approximately 2.2 to 1 over the past 24 hours, while approximately 59% of total supply sits on exchanges as of the latest snapshot.
Investors realizing losses
As of the September 15 snapshot, holders were selling at a loss (SOPR at 0.93), while net exchange inflows totaled approximately $80K over the same period, indicating modest selling pressure.
Trading costs remain low
Borrowing costs for leveraged positions stayed near 0.01% over the past 8 hours (around 9% annually), while market-wide forced closures of bullish positions totaled approximately $361M over the past 24 hours.