Treehouse ($TREE ) has dropped by 5.29% in the last 24 hours, worse than the overall cryptocurrency market (-4.4%). The main reasons are selling pressure after the airdrop, negative funding rates indicating bearish sentiment, and profit-taking after reaching significant milestones.
Selling pressure after airdrop — volatility following the distribution of tokens among participants.
Negative funding rates — derivatives indicate bearish sentiment.
Profit-taking after reaching a key metric — the increase in TVL to $500 million triggered short-term selling.
The main factors behind the price decline of Treehouse ($TREE ) are the token sell-off after the airdrop, negative sentiment in the derivatives market, profit-taking after reaching a TVL of $500 million, and the overall decline of the cryptocurrency market. Technical indicators confirm the bearish trend with oversold conditions, but there are currently no signs of a quick recovery.
