Within 2.5% of its all-time high
SPYX is trading at or near the highest price it has ever reached ($786.11). Every holder is in profit, so there is little selling from people waiting to break even.
why / spyx
Why is SP500 xStock down today?
SP500 xStock (SPYX) is down 1.0% in the last 24 hours, trading at $766.13. It is trading at or near its all-time high. That is 2.3% better than the whole crypto market (−3.3%), so part of the move is specific to SP500 xStock.
SPYX 24h−1.00%
Whole market 24h−3.26%
Bitcoin 24h−3.52%
Link to BTC (30d)0.01
Volume vs normal—
Real World Assets (RWA) sector−1.68%
signals
What is moving SP500 xStock
Strongest signals first.
Doing better than the market
The total crypto market is −3.3% in 24 hours. SPYX is −1.0%, 2.3% better than the market, so part of the move is specific to SP500 xStock.
Why is the crypto market moving? →The Real World Assets (RWA) sector is down
SP500 xStock is part of the Real World Assets (RWA) sector, which is −1.7% today. SPYX is moving with its sector.
Real World Assets (RWA) sector →Moving on its own, not with Bitcoin
Over the last 30 days, SPYX's daily moves had a 0.01 correlation with Bitcoin (1 means identical direction). That is low: SPYX has mostly moved on its own lately, while Bitcoin is −3.5% 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 SPYX positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring SP500 xStock
faq
Questions
Why is SP500 xStock down today?
SP500 xStock (SPYX) is down 1.0% in the last 24 hours, trading at $766.13. It is trading at or near its all-time high. That is 2.3% better than the whole crypto market (−3.3%), so part of the move is specific to SP500 xStock.
Will SP500 xStock go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SPYX is −0.21% over 7 days and −0.42% 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, SPYX'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.