Doing worse than the market
The total crypto market is −2.3% in 24 hours. PYTH is −13%, 10% worse than the market, so part of the move is specific to Pyth Network.
Why is the crypto market moving? →
why / pyth
Why is Pyth Network down today?
Pyth Network (PYTH) is down 13% in the last 24 hours, trading at $0.0608. That is 10% worse than the whole crypto market (−2.3%), so part of the move is specific to Pyth Network. Trading volume is running at 2.7× its 30-day average.
PYTH 24h−12.80%
Whole market 24h−2.30%
Bitcoin 24h−2.41%
Link to BTC (30d)0.16
Volume vs normal2.7×
Decentralized Finance (DeFi) sector+1.00%
signals
What is moving Pyth Network
Strongest signals first.
Trading volume is 2.7× normal
At today's pace, PYTH trades about 2.7 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
Lowest price in 30 days
PYTH at $0.0608 is below every daily close of the past month (previous low $0.0630). Breaking a recent low can trigger stop-loss selling.
Moving on its own, not with Bitcoin
Over the last 30 days, PYTH's daily moves had a 0.16 correlation with Bitcoin (1 means identical direction). That is low: PYTH has mostly moved on its own lately, while Bitcoin is −2.4% today.
Bitcoin price →Weak month
PYTH is −16% this week and −22% 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 PYTH positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Pyth Network
faq
Questions
Why is Pyth Network down today?
Pyth Network (PYTH) is down 13% in the last 24 hours, trading at $0.0608. That is 10% worse than the whole crypto market (−2.3%), so part of the move is specific to Pyth Network. Trading volume is running at 2.7× its 30-day average.
Will Pyth Network go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: PYTH is −16.44% over 7 days and −21.56% 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, PYTH'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.