FLOKI has seen a sharp decline of approximately 11.43% in just a day, with weekly losses reaching 23%. This downturn has been primarily driven by both derivative and spot traders actively engaging in sell-offs, creating a bearish atmosphere.

Current liquidity clusters signal further potential decreases, while the long-to-short ratio of 0.7828 indicates stronger selling pressure. Open interest has significantly decreased to $14.76 million, illustrating the growing bearish sentiment among traders.