why / puffer

Why is Puffer down today?

−5.20% 24h
Short answer

Puffer (PUFFER) is down 5.2% in the last 24 hours, trading at $0.0284. The whole crypto market is −4.7%, so this is mostly a market-wide move. Its sector, Layer 2 (L2), is −4.5% today.

· from live market data
PUFFER 24h−5.20%
Whole market 24h−4.73%
Bitcoin 24h−5.14%
Link to BTC (30d)-0.01
Volume vs normal—
Layer 2 (L2) sector−4.45%
signals

What is moving Puffer

Strongest signals first.

Moving with the whole market

The total crypto market is −4.7% in 24 hours. PUFFER is −5.2%, about the same, so this looks like a market-wide move rather than something specific to Puffer.

Why is the crypto market moving? →

The Layer 2 (L2) sector is down

Puffer is part of the Layer 2 (L2) sector, which is −4.5% today. PUFFER is moving with its sector.

Layer 2 (L2) sector →

Very active trading

PUFFER traded 82% of its market cap in the last 24 hours, far more than a typical coin. Something is drawing traders in.

Lowest price this week

PUFFER dipped below its 7-day range (low $0.0285).

Moving on its own, not with Bitcoin

Over the last 30 days, PUFFER's daily moves had a -0.01 correlation with Bitcoin (1 means identical direction). That is low: PUFFER has mostly moved on its own lately, while Bitcoin is −5.1% 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 →
VIP

Liquidations, funding and open interest

See whether leveraged traders are being forced out of PUFFER positions right now, on the chart, in the Blockdeck app.

See VIP layers →
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Keep exploring Puffer

faq

Questions

Why is Puffer down today?

Puffer (PUFFER) is down 5.2% in the last 24 hours, trading at $0.0284. The whole crypto market is −4.7%, so this is mostly a market-wide move. Its sector, Layer 2 (L2), is −4.5% today.

Will Puffer go back up?

Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: PUFFER is −20.51% over 7 days and +7.84% 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, PUFFER'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.