Bitlayer (BTR) fluctuates 51.2% in 24 hours: Monthly token unlock and selling pressure drive the correction

Volatility Summary

Over the past 24 hours, BTR rebounded from a low of $0.09912 to a high of $0.14984, currently quoted at $0.14854, with a volatility range of 51.2%. Trading volume expanded significantly to about $37 million (Vol/Mkt Cap ratio over 90%), with a market cap of approximately $40 million.

Brief Analysis of the Reason for the Price Movement

- Community monitoring indicates that approximately 19 million BTR were unlocked this month, creating selling pressure that directly pushed the price down quickly from the $0.150 high to a low of $0.099.

- There were no official announcements, major news, significant whale transfers, or notable on-chain abnormal fund flows recorded.

Market Views and Outlook

The trading community shows divided sentiment. Some opinions focus on the $0.130-0.136 support range, suggesting that if it holds or if buying volume increases, there may be a rebound to $0.141-0.144; otherwise, a break could lead to further tests in the $0.118-0.130 zone. X platform real-time data shows that BTR experienced several intra-day hourly surges of 13% and pullbacks of 12%. Traders emphasize the importance of waiting for confirmation signals.