- CRV recorded a steep drop in the past day, driven primarily by decentralized exchange (DEX) spot traders and futures activity.
- $3.32 million in CRV moved into private wallets, echoing previous whale accumulation patterns.
In the past 24 hours, Curve DAO [CRV] has remained on the bearish end of the market, with a 9.43% decline, extending its month-long losing streak to 11.3%.
Despite this drop, some market cohorts are resisting the fall, betting on long-term price movement.
DEX spot traders are betting on a decline
Market analysis over the past 24 hours revealed that most sellers are DEX spot and futures traders.
With that in mind, DEX spot traders have become more active as the price continues to plummet.
Roughly 300 traders paid a combined $26,000 in fees to exit or short their positions on Curve, according to Artemis.
Source: Artemis
This selling pressure is also reflected in the derivatives market, where this group has started placing short bets.
CRV’s OI-Weighted Funding Rate flipped negative, indicating shorts dominated.
This metric blends Open Interest and Funding Rates to reveal which side holds leverage, and the tilt now favors bears.
Source: CoinGlass
If this metric fully crosses into negative territory, it will confirm that this group of futures traders is increasingly bearish, potentially intensifying the selling pressure.
Long-term traders keep the price intact
There’s a twist—AMBCrypto’s analysis suggests the price drop could have been worse if some cohorts weren’t accumulating and locking their assets for the long term.
Market data shows a significant liquidity inflow into Curve DAO.
At press time, Total Value Locked (TVL) surged by over $100 million, rising from $1.6 billion to $1.7 billion.
Source: Artemis
This substantial increase suggests that investors are depositing more CRV into the protocol and locking it for a long-term outlook.
Another signal of heightened interest among participants is spot market accumulation.
In the past 48 hours, some participants purchased $3.32 million worth of CRV and moved the assets into private wallets for long-term holding.
This behavior mirrors that of an investor who recently deposited $100 million worth of CRV into Curve DAO. These long-term moves are important because they reduce the amount of CRV circulating on exchanges.
Recovery may be within reach for CRV
The current liquidation heat map offers insight into CRV’s potential for an upward rally, as it shows liquidity clusters above the current price.
Liquidity clusters represent levels where unfilled orders lie and often act as magnets, drawing the price toward them.
Source: CoinGlass
These clusters stretch up to $0.75, adding to the strong possibility of the price moving in that direction.
Notably, the heat map also shows that a slight dip is possible, though not guaranteed, as the area below is only partially shaded in green, indicating limited liquidity at that level.
Overall, despite current market turmoil, CRV displays strong potential for a price recovery.
Source: https://ambcrypto.com/curve-dao-falls-9-but-long-term-investors-can-save-crv-how/