The $DUSK Perpetual market is currently under heavy pressure, posting a sharp decline of nearly 20%. Looking at the Trading Data, here is what the numbers are telling us:
âđŽ Selling Dominance: Taker Sell Volume is consistently outweighing Buy Volume on the 5m timeframe. This confirms that sellers are hitting the bids aggressively, driving the price lower with high conviction.
âđ Negative Basis: The Basis (Difference between Futures and Index price) remains in negative territory. When the futures price trades lower than the spot index, it typically reflects a strong bearish sentiment among traders expecting further downside.
âđ Key Levels: DUSK is struggling to find a floor. Until we see a "Buy Volume" spike or the Basis shifts toward positive, the trend remains firmly downward.
