sBTC (SBTC) is currently trading at $104,439, reflecting a 24-hour decline of 5.90%. The price has fluctuated within a daily range of $8,141, hitting a high of $111,266 and a low of $103,125, indicating significant volatility.

Volume stands at 81,553, contributing to a market cap volume ratio of 0.02%, suggesting relatively low trading activity relative to its market capitalization. The hourly moving averages indicate a consistent downtrend, with the 8 SMA at $108,024 and progressively lower averages indicating bearish sentiment, especially as they are all below the current price.

The 1-hour RSI is at 27, indicating oversold conditions, while the 7-day RSI at 45 suggests potential for a rebound but does not confirm it yet. The 7-day price change of -6.17% and 14-day price change of -2.81% reinforce the downward momentum, with a more significant decline of 12.75% over the past 30 days, indicating ongoing bearish pressure.

The all-time high of $209,313 from October 2025 is a stark contrast to current price levels, showing the potential for significant upside if market conditions improve. However, the prevailing downtrend and recent performance suggest that any recovery may be limited without stronger buying support.

Given the current technical indicators and bearish momentum, a cautious approach is warranted. I recommend a Sell rating, as the indicators do not suggest a clear reversal and further declines are likely in the short term.