tBTC (TBTC) is currently priced at $83,135, reflecting a significant decline of 9.24% over the last 24 hours. The daily trading range was marked between a high of $91,828 and a low of $80,431, indicating high volatility with a daily range of approximately 14%.

Volume has been recorded at $56,151,400, which corresponds to a volume-to-market cap ratio of 10.86%. This suggests a moderately active market, but the significant price drop indicates potential selling pressure or lack of buying interest at current levels.

Technical indicators reveal bearish momentum, with hourly moving averages showing declines across all time frames. The 8 SMA at $83,753.22 and the 13 SMA at $84,647.08 indicate short-term bearishness, while the longer 144 SMA at $92,006.06 signals a downtrend of nearly 9.64% over the longer term.

The Relative Strength Index (RSI) readings also highlight weakness, with the 1-hour RSI at 32, indicating oversold conditions. The 7-day RSI at 41 further supports this bearish sentiment, suggesting that the asset has not yet shown signs of recovery.

From a fundamental perspective, tBTC's all-time high of $125,646 was reached on October 6, 2025, and the current price reflects a substantial decline from this peak. The 30-day price change of -22.41% underscores the ongoing downtrend, which could deter new investors or lead to further selling.

Given the current price action, bearish moving averages, and weak RSI readings, the outlook for tBTC is negative. Therefore, I recommend a Sell rating, as further downside appears likely in the near term, with resistance levels yet to be convincingly broken.