The current price of clBTC (CLBTC) stands at $88,057, reflecting a minor decline of 1.31% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $89,492 and the price currently at the low end of that range, indicating bearish sentiment.

The moving averages indicate a consistent downtrend, with all key averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) showing negative changes between -1.49% and -2.85%. This suggests a lack of momentum for bullish reversals in the near term, as the price remains below all significant moving averages.

Volume has been low at 559.54, corresponding to a negligible percentage of the market cap, further confirming the lack of active trading interest. The 1-hour RSI at 12 indicates extreme oversold conditions, which could signal a potential short-term bounce, yet the 7-day RSI at 46 suggests that the asset is nearing neutral territory without being oversold.

In terms of price performance, CLBTC has seen a 7-day decline of approximately 7.38%, alongside a more modest drop over the last 14 days (-2.74%) and 30 days (-0.85%). This sustained downward movement, combined with the price remaining significantly below its all-time high of $129,190, raises concerns about the asset's ability to regain upward momentum.

Given the overall technical indicators, persistent bearish sentiment, and low trading volume, the recommendation for clBTC (CLBTC) is to Hold. This strategy allows investors to avoid potential losses while monitoring for signs of recovery or further deterioration in market conditions.