The current price of clBTC (CLBTC) stands at $86,786, reflecting a 24-hour change of -2.58%. This decline is accompanied by a significant daily range of $2,611, with a 24-hour high of $89,087 and a low of $86,476, indicating volatility in the market.

The trading volume is recorded at 551.47, with a market cap volume ratio of 0.00%, suggesting low trading activity relative to market capitalization. The hourly moving averages indicate bearish momentum, with the 8 SMA at $87,658.87 showing a decline of 1.00%, and the 55 SMA at $89,500.74 indicating a more pronounced drop of 3.03%.

In terms of momentum indicators, the 1-hour RSI is at 13, signaling oversold conditions, while the 7-day RSI is at 43, approaching neutral territory. The recent price changes over 7 days (-5.15%), 14 days (-4.15%), and 30 days (-2.28%) demonstrate a consistent downward trend, contributing to bearish sentiment.

The all-time high for CLBTC is $129,190, achieved on July 24, 2025, indicating significant potential upside from current levels. However, the persistent negative price momentum and low trading volume suggest caution among traders.

Given the current oversold condition indicated by the 1-hour RSI, there may be a potential short-term rebound; however, the broader trend remains bearish. Therefore, the recommendation is to Hold CLBTC, as further confirmation of a reversal or increased buying volume is needed before considering a Buy.