{"id":160341,"date":"2025-09-25T21:51:10","date_gmt":"2025-09-25T21:51:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/160341\/"},"modified":"2025-09-25T21:51:10","modified_gmt":"2025-09-25T21:51:10","slug":"bless-prices-crash-44-assessing-if-bulls-can-regain-control","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/160341\/","title":{"rendered":"BLESS prices crash 44% – Assessing if bulls can regain control"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0
\nWhy did BLESS drop 44% despite bullish investor sentiment<\/p>\n

A major liquidity outflow in the derivatives market, coupled with closed contracts and low overall trading volume, drove the sharp decline.<\/p>\n

Can BLESS recover from this drop?<\/p>\n

\u00a0Short-term outlook is bearish, but potential liquidation clusters and strong Binance buying pressure suggest a long-term upside remains possible.<\/p>\n

Bless [BLESS]<\/a> opened the day with a sharp decline, shedding 44% of its value at press time, one of the steepest losses in the market.<\/p>\n

The liquidity outflow came as a shock, even as several investors maintained a bullish stance. AMBCrypto\u2019s analysis examined the factors driving the decline and BLESS\u2019s potential price trajectory.<\/p>\n

Going against the bulls<\/p>\n

The drop in BLESS prices contrasts sharply with the broader market\u2019s bullish sentiment. In fact, 82% of investors remain bullish on BLESS, according to CoinMarketCap data.<\/a><\/p>\n

Typically, a high concentration of bullish investors usually reflects strong long-term conviction, suggesting they plan to hold or increase their positions.\u00a0 But that hasn\u2019t been the case for BLESS, which continues to hit new lows. <\/p>\n

Interestingly,\u00a0AMBCrypto found that Binance traders remain among the most bullish, defying the broader bearish sentiment.<\/p>\n

\"Bless<\/a><\/p>\n

Source: CoinGlass<\/p>\n

At press time, Binance\u2019s Long\/Short Ratio climbed steadily to 1.98 over the past day. A reading above 1 signals more buying than selling, with higher values reflecting stronger bullish sentiment.<\/p>\n

This optimism may be partly driven by BLESS\u2019s recent launch of Binance Aloha, which enabled early positioning on the asset.<\/p>\n

What sparked the massive price decline?<\/p>\n

AMBCrypto traced the decline to a major liquidity outflow from the derivatives market.<\/p>\n

Despite this buying pressure from Binance traders, overall market volume remains low. In fact, the broader Long-to-Short Ratio stood at 0.94, at the time of writing, indicating that selling still outweighs buying activity.<\/p>\n

\"Bless<\/a><\/p>\n

Source: CoinGlass<\/p>\n

Data shows the drop coincided with a sharp fall in the Open Interest Weighted Funding Rate, sliding from 0.0025% to 0.0014%.<\/p>\n

A steep decline in this metric suggests that a majority of derivative contracts on BLESS were closed. The downward trend signals the likelihood of further closures.<\/p>\n

These factors contributed to the massive outflows BLESS witnessed in the past day. If the trend persists, the asset could see further price declines.<\/p>\n

Liquidation map shows price climb clusters<\/p>\n

The liquidation map highlights potential price zones for BLESS.<\/p>\n

It shows three key clusters for short liquidations compared with fewer clusters for long liquidations.<\/p>\n

If shorts dominate and price moves toward these clusters, it could trigger a rally, pushing BLESS higher on the charts. Conversely, if longs take control, the asset could extend its upward run toward previous peaks.<\/p>\n

\"BLESS<\/a><\/p>\n

Source: CoinGlass<\/p>\n

For now, the bearish outlook for BLESS appears short-term, while its long-term trajectory remains tilted to the upside.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Ethereum whales load 210K ETH \u2013 Is now the time to buy the dip?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 Why did BLESS drop 44% despite bullish investor sentiment A major liquidity outflow in the derivatives…\n","protected":false},"author":2,"featured_media":160342,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[85,84,59,56,54,55],"class_list":["post-160341","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ambcrypto","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/160341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=160341"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/160341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/160342"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=160341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=160341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=160341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}