FLOKI Drops 11% in 24H Amid Bearish Market Trends
Key Takeaways
- FLOKI loses over 11% of its value within 24 hours
- The decline is intensified by selling pressure in both the spot and derivatives markets
- Ongoing sell-off by spot traders since March 10
- Key indicators point to a continued downward trend
FLOKI Under Selling Pressure – What’s Behind It?
Over the past 24 hours, FLOKI has lost more than 11% of its value, making the memecoin one of the biggest losers in the crypto market. On a weekly basis, it’s down approximately 23%. The selling pressure is coming from both the spot and derivatives markets. The data shows that the bears are currently in control.
Liquidity Zones Pulling the Price Down
A look at the FLOKI/USDT liquidation heatmap chart reveals several liquidity clusters below the current price of USD 0.00006075. These clusters are formed by open, unfilled orders in the derivatives market. They act like a magnet and pull the price downward.
Particularly notable: one cluster extends down to USD 0.000058147 – an area with little significant liquidity. This could serve as a short-term bottom before a potential recovery.
Derivatives Market: Selling Volume Dominates
In the derivatives market, the selling side clearly dominates. The long-to-short ratio is at 0.7828 – well below the neutral value of 1. This means there are more short positions (bets on falling prices) than long positions.
Open interest (open contracts) is also declining. Currently, only about USD 14.76 million in open positions remain in the market – a sign that many long positions have been liquidated. The weighted funding rate is at -0.0143%, indicating a strongly bearish sentiment among derivatives traders. The last time conditions were this negative was in early March.
Spot Traders Have Been Selling for Three Weeks
The spot market also paints a clear picture: since March 10, investors have been consistently pulling out. Over the past three weeks, approximately USD 1.75 million has been withdrawn from the FLOKI spot market, according to data from Coinglass. These outflows further reinforce the downward trend.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Best Casino Alternatives for 2025
Reading time: ~ 2 minutes
-
Online Casinos in Ukraine
Reading time: ~ 2 minutes
-
Online Casinos in Russia
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
Our Assessment
FLOKI is currently in a clear downtrend. Selling pressure is coming from both short-term oriented derivatives traders and long-term spot traders. The technical analysis shows that as long as liquidity clusters remain below the current price and indicators such as open interest and funding rate stay negative, a short-term recovery is unlikely.
Whether FLOKI finds a bottom around USD 0.000058 depends on whether selling volume weakens and buyers return to the market. For now, however, bearish signals are prevailing.
Sources
- Coinglass
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency