CRV drops 13% as on-chain volume hits $167.9M
- —CRV fell 13% as on-chain volume reached $167.9 million, the second-highest since September 3
- —Long liquidations totaled $885,500 versus $71,500 in shorts, a 10-fold gap
- —The funding rate dropped from 0.0097% to -0.0046% over 24 hours
- —Few order clusters sit below the price, limiting further downside
Why it matters: The short overhang and sparse liquidation clusters below the price set up conditions for a CRV rebound if the broader market backdrop improves.
Source: AMBCrypto