Doing better than the market
The total crypto market is −5.0% in 24 hours. DESPXA is −1.4%, 3.6% better than the market, so part of the move is specific to DeFi S&P 500.
Why is the crypto market moving? →
why / despxa
Why is DeFi S&P 500 down today?
DeFi S&P 500 (DESPXA) is down 1.4% in the last 24 hours, trading at $763.02. That is 3.6% better than the whole crypto market (−5.0%), so part of the move is specific to DeFi S&P 500. It is trading at or near its all-time high.
DESPXA 24h−1.38%
Whole market 24h−5.02%
Bitcoin 24h−5.46%
Link to BTC (30d)-0.03
Volume vs normal—
signals
What is moving DeFi S&P 500
Strongest signals first.
Within 2.8% of its all-time high
DESPXA is trading at or near the highest price it has ever reached ($785.33). Every holder is in profit, so there is little selling from people waiting to break even.
Lowest price in 30 days
DESPXA at $763.02 is below every daily close of the past month (previous low $764.56). Breaking a recent low can trigger stop-loss selling.
Moving on its own, not with Bitcoin
Over the last 30 days, DESPXA's daily moves had a -0.03 correlation with Bitcoin (1 means identical direction). That is low: DESPXA has mostly moved on its own lately, while Bitcoin is −5.5% today.
Bitcoin price →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 DESPXA positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring DeFi S&P 500
faq
Questions
Why is DeFi S&P 500 down today?
DeFi S&P 500 (DESPXA) is down 1.4% in the last 24 hours, trading at $763.02. That is 3.6% better than the whole crypto market (−5.0%), so part of the move is specific to DeFi S&P 500. It is trading at or near its all-time high.
Will DeFi S&P 500 go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: DESPXA is −0.12% over 7 days and −0.87% 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, DESPXA'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.