Follows Bitcoin closely
Over the last 30 days, BONK's daily moves had a 0.78 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −1.8% today.
Bitcoin price →
why / bonk
Why is Bonk down today?
Bonk (BONK) is down 3.5% in the last 24 hours, trading at $0.00000292. It usually moves with Bitcoin, which is −1.8% today. Trading volume is running at 2.3× its 30-day average.
BONK 24h−3.52%
Whole market 24h−1.72%
Bitcoin 24h−1.85%
Link to BTC (30d)0.78
Volume vs normal2.3×
Meme sector−2.83%
signals
What is moving Bonk
Strongest signals first.
Trading volume is 2.3× normal
At today's pace, BONK trades about 2.3 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
Doing worse than the market
The total crypto market is −1.7% in 24 hours. BONK is −3.5%, 1.8% worse than the market, so part of the move is specific to Bonk.
Why is the crypto market moving? →The Meme sector is down
Bonk is part of the Meme sector, which is −2.8% today. BONK is moving with its sector.
Meme sector →Weak month
BONK is −7.5% this week and −23% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of BONK positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Bonk
faq
Questions
Why is Bonk down today?
Bonk (BONK) is down 3.5% in the last 24 hours, trading at $0.00000292. It usually moves with Bitcoin, which is −1.8% today. Trading volume is running at 2.3× its 30-day average.
Will Bonk go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: BONK is −7.47% over 7 days and −23.06% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, BONK's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.