wbtctoken
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Wrapped Bitcoin (WBTC) is an ERC‑20 token that tracks Bitcoin’s price 1:1, bringing Bitcoin liquidity into Ethereum and broader DeFi markets. Its value movements are tightly linked to BTC’s price action.
Recently WBTC has been trading around $66,000–$71,000, well below its 2025 all‑time high near $125,744, showing significant retracement amid broader crypto weakness.
Price declines reflect ongoing Bitcoin weakness and market risk aversion, with short‑term technical trends pointing to bearish pressure and consolidation.
Trading volume remains healthy (hundreds of millions daily) and its deep liquidity makes WBTC the premier bridge between BTC and Ethereum‑based lending/trading.
Despite downside, “extreme fear” sentiment can set the stage for short squeezes or relief bounces if key support around the mid‑$60K range holds.
Long‑term prospects are tightly tied to Bitcoin’s macro drivers and institutional flows, since WBTC doesn’t have independent price discovery beyond BTC’s trends.
@Wrapped Bitcoin $WBTC #wbtctoken
#wbtc
Recently WBTC has been trading around $66,000–$71,000, well below its 2025 all‑time high near $125,744, showing significant retracement amid broader crypto weakness.
Price declines reflect ongoing Bitcoin weakness and market risk aversion, with short‑term technical trends pointing to bearish pressure and consolidation.
Trading volume remains healthy (hundreds of millions daily) and its deep liquidity makes WBTC the premier bridge between BTC and Ethereum‑based lending/trading.
Despite downside, “extreme fear” sentiment can set the stage for short squeezes or relief bounces if key support around the mid‑$60K range holds.
Long‑term prospects are tightly tied to Bitcoin’s macro drivers and institutional flows, since WBTC doesn’t have independent price discovery beyond BTC’s trends.
@Wrapped Bitcoin $WBTC #wbtctoken
#wbtc
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