VELVETUSDT perpetual contracts. The drop in open interest suggests traders might be closing positions, while the heavy liquidations — especially of long positions — reflect increasing downside pressure. Meanwhile, surging volume and technical sentiment tagging the market as “Strong Sell” across most platforms underlines the risk-averse mood dominating the markets.

he current trading price for VELVETUSDT PERP stands at approximately 0.07857USDT, reflecting a –3.21% decline over the past 24 hours. Trading volume in that period reached about 379 million VELVET