tBTC is currently priced at $86,725, reflecting a 24-hour decline of 2.25%. The daily trading range has been $3,974, indicating volatility, with a volume of approximately $35.3 million and a volume-to-market cap ratio of 6.83%.

Technical indicators suggest a bearish sentiment as the 1-hour RSI is at 35, indicating oversold conditions. The short-term moving averages (8 SMA and 13 SMA) are both declining, suggesting continued downward pressure, while the longer-term 55 SMA and 144 SMA also show negative momentum.

The 7-day RSI at 50 indicates a neutral market sentiment, but the 7-day price change of -2.16% and the 30-day decline of -4.18% suggest a downtrend in the medium term. The all-time high of $125,646, reached on October 6, 2025, shows potential for recovery but also highlights the current distance from peak performance.

Given the current price action, technical indicators, and recent performance trends, tBTC appears to be in a corrective phase. The overall market conditions and lack of bullish momentum suggest that a cautious approach is warranted.

Rating: Hold. The negative momentum and lack of recovery signals indicate that it may be prudent to wait for clearer bullish indicators before considering a buy position.