CLBTC is currently priced at $86,786, reflecting a 24-hour decline of 2.58%. The asset has experienced a daily trading range of $2,611, with a high of $89,087 and a low of $86,476, indicating moderate volatility in the short term.

The volume traded over the last 24 hours stands at 551.47, with a negligible volume-to-market cap ratio of 0.00%. Moving averages indicate a bearish trend, with the 8 SMA at $87,658.87 showing a decline of 1.00% and the 144 SMA at $90,326.15 down by 3.92%, suggesting consistent downward pressure.

The 1-hour RSI at 13 indicates extreme oversold conditions, while the 7-day RSI at 43 suggests weak momentum but not yet oversold. Over the past week, CLBTC has decreased by 7.32%, with both the 14-day and 30-day price changes also in the negative territory, reinforcing the bearish sentiment.

Considering the technical indicators and recent price action, CLBTC is currently facing downward pressure, with no signs of a reversal imminent. The all-time high of $129,190 set on July 24, 2025, remains significantly distant, further contributing to the negative outlook.

Based on the current analysis, the recommendation is to Hold. While short-term indicators show weakness, long-term support levels may provide a buffer against further declines, allowing traders to reassess market conditions before taking action.