RIVER Sell-off Intensifies—Will Prices Drop Further as Liquidity Dries Up?

According to CoinWorld, the market sentiment for RIVER has completely turned bearish, with its CoinMarketCap community sentiment score plummeting from a recent high of 56% to around 32%. On-chain data shows a slight decrease in the number of holder wallets, while the top few wallets hold 88.09% of the supply, indicating that large holders may be reducing their positions. Liquidity is decreasing, with open interest dropping by about 5% (7.75 million USD) to 136.61 million USD, and a negative funding rate of -0.0059% suggests increasing bearish pressure. Technical indicators such as MACD and Parabolic SAR also reinforce the bearish outlook, indicating that RIVER's price will continue to face selling pressure.