tBTC (TBTC) is currently trading at $87,489, reflecting a 24-hour decline of 2.59%. The daily trading range has been notably volatile, with a high of $90,219 and a low of $87,413, indicating a significant market movement of $2,806.

The volume for the last 24 hours stands at $9,064,518, representing a volume-to-market cap ratio of 1.74%, which suggests moderate liquidity. However, the downward trend in short-term moving averages, with the 8 SMA at $87,980.58 and the 13 SMA at $88,079.21 both showing declines, indicates bearish sentiment among traders.

The Relative Strength Index (RSI) readings further support this bearish outlook; the 1-hour RSI is at 30, signaling an oversold condition, while the 7-day RSI is at 47, indicating a lack of momentum for recovery. Additionally, the 7-day price change shows a decrease of approximately 2.47%, with more concerning declines over longer time frames, such as a 14-day drop of nearly 9.75%.

The all-time high for tBTC is $125,646, reached on October 6, 2025, suggesting substantial long-term potential but current price action shows a clear downtrend from these highs. Given the technical indicators and the broader market sentiment, a cautious approach is warranted.

In conclusion, based on the current data, I rate tBTC as a Hold. While there are signs of potential overselling, the overall downtrend in moving averages and recent price performance suggests waiting for confirmation of a reversal before considering a buy.