Curve DAO (CRV) price drops 9%, long-term investors lock up positions to help potential recovery
币圈网报道:Curve DAO (CRV) has lost 9.43% of its value in the past 24 hours, bringing its month-long decline to 11.3%. Most sellers are DEX spot and futures traders, with increasing short positions and negative OI-weighted funding rates, indicating bearish sentiment. However, long-term investors are accumulating and locking up CRV, as evidenced by $100 million in deposits and $3.32 million in purchases into private wallets, resulting in a $100 million increase in the Total Value Locked (TVL) to $1.7 billion. This reduces the amount of CRV in circulation, contributing to price stability. The liquidation heatmap shows a cluster of liquidity above the current price, suggesting a recovery to $0.75, although a small drop is still possible in the short term. Overall, CRV shows strong potential for a price recovery despite short-term pressure.
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