TLDR
The Treehouse course ($TREE ) has decreased by 5.14% in the last 24 hours, which is significantly worse than the overall cryptocurrency market (-0.23%). Main reasons include sell-offs after the airdrop, negative funding rates, and a decrease in momentum after reaching a significant TVL milestone.
Sell-off pressure after the airdrop — the unlocking of tokens under the Binance HODLer program has led to profit-taking.
Negative sentiment in derivatives — negative funding rates indicate expectations of further decline.
Decrease in momentum after reaching TVL — despite progress in DeFi integration, after hitting the $500 million mark, there was a price pullback.
After a brief price increase of TREE to $0.6068 on August 1, 2025, negative funding rates emerged, indicating that traders are betting on further declines through perpetual swaps.
The rise in bearish leverage increases the risk of cascading liquidations with further price drops. Open interest for $TREE has grown by 51% over the last 30 days, which amplifies volatility.
Key metric: The funding rate turned negative (-0.03%) on August 1 (Crypto.News), reflecting short-term pessimism.
