XLM Faces Further Losses as Bearish Traders Gain Control

XLM is struggling to hold its ground as bearish traders tighten their grip on Stellar. Despite Bitcoin's rally to $64,000, XLM has lost 17% of its value in the last month and could record further losses.

The long-to-short ratio for XLM stands at 0.90, indicating that more traders are betting on prices falling than rising. The funding rate also supports the current bearish price action, turning negative on Tuesday and reading -0.0215%.

CoinGlass data shows a sell-side dominance across XLM's markets alongside large whale orders. This conflicting signal suggests that major participants remain active, but selling pressure continues to control the near-term trend.