- VIRTUAL drops 15% in 24 hours and 45% over the year as demand weakens.
- Liquidation data shows heavy bearish dominance and rising fear.
- Spot buyers accumulate $1.23M, hinting at possible rebound if demand holds.
Virtual Protocol, once a standout performer in its niche, has been struggling to hold its ground. Demand has been fading for months, and the numbers paint an even heavier picture now. In the past year, VIRTUAL has plunged 45%, and the short-term view isn’t any prettier — the token fell another 15% in just the last 24 hours. Sentiment has tilted sharply bearish, and the market feels like it’s bracing for even more downside.
Virtual Approaches a Key Demand Zone — But Confidence Is Thin
Price charts show VIRTUAL creeping toward a critical demand zone between $0.78 and $0.68. Ideally, this area should act as a cushion, a spot where buyers step in and stabilize the move. But whether that happens depends on how investors behave once price actually taps this region.
One of the main indicators to watch is the Accumulation/Distribution (A/D) line — a metric often used to interpret whether money is flowing in or out. Right now, the A/D is dropping, signaling that selling outweighs buying. That’s not a great sign. Still, it hasn’t turned negative yet, which means sentiment hasn’t fully collapsed.
Many traders seem to be deliberately forcing price into this zone, treating it as a fresh entry level. But what matters most is the A/D reaction after price enters this demand band. If the A/D line curves upward, it could hint at an early rebound. If it continues to fall, it likely confirms further downside ahead.
Liquidation Data Shows Heavy Bearish Bias
This is not the kind of environment where it pays to be bullish. According to CoinGlass, short positions are overwhelmingly more profitable than longs under current conditions.
For every $9 in long liquidations, nearly $1,560 in short positions have been wiped out — a massive imbalance that shows how aggressively the market is leaning bearish.
In the last 24 hours:
- Longs liquidated: ~$7,500
- Shorts liquidated: ~$1.3 million
The sheer scale of short-side liquidations actually highlights how confident traders have been in betting against VIRTUAL — and those bets have largely been correct so far. On top of that, about $13.97 million has been voluntarily removed from the derivatives market, which shows panic is spreading faster than new money can enter.
If these liquidation trends continue, VIRTUAL is likely to crawl further down the chart before any real recovery attempt takes shape.
Spot Buyers Are Still Accumulating — but Will It Matter?
Interestingly, spot investors haven’t given up. VIRTUAL’s spot exchange netflow shows that roughly $1.23 millionworth of tokens has been bought since the start of the week. Buying into a drawdown signals some pockets of confidence — or at least hopeful bottom-fishing.
This divergence between spot accumulation and derivatives-driven selling pressure creates a strange split in sentiment. Spot buyers hint at a rebound, but leveraged traders still expect more pain.
For now, the outlook leans bearish. Selling pressure remains strong, panic is creeping through derivatives markets, and VIRTUAL is approaching an important but fragile support area. A rebound is possible… but not without continued buying and a shift in momentum indicators.
Here is where investors will need to stay cautious — the next move may decide whether VIRTUAL finds stability or sinks into a deeper correction.
