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Velvet token plunges 37% amid leveraged capital outflows and bearish market shifts

Market News
24 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

Velvet (VELVET) token dropped sharply by 37% due to significant leveraged capital outflows and increased bearish positioning in its derivatives market. Whale activity rose, but this indicated participation rather than causing the sell-off. While leveraged traders shifted to short positions, spot investors appeared to accumulate VELVET, potentially providing some price support. However, the weakened bullish leverage suggests that a quick recovery may be unlikely without stronger long positioning.

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