OGN declined roughly
↘8%
over the past week despite a roughly
↗5%
gain over the past month as trading volume fell roughly
↘69%
over the same monthly period.
Selling pressure amid low activity
The buyer-to-seller ratio stood at 0.45 over the past 24 hours, indicating more than twice as many sellers as buyers, while overall trading activity remained low.
Movement off exchanges continues
Tokens moved off exchanges over the past day with a net outflow of approximately $0.01M, while on-chain data showed investors selling at a loss as of the September 14 snapshot.
Holding costs remain modest
The cost to hold leveraged positions stood at approximately 0.01% per 8 hours as of the latest reading, translating to roughly 9% annualized.
Investor sentiment stays cautious
Investor sentiment remained cautious as of the September 14 snapshot, with most holders sitting on unrealized losses based on on-chain cost data.