$WBTC
WBTC Faces Intense Selling Pressure with $1.64M USDT Sold in 12 Minutes
The WBTC market on Binance experienced a heavy wave of selling, with $1.64M USDT worth of WBTC sold in just 12 minutes, causing a sharp 11% spike in trading volume. This sudden sell-off pushed the price down to $101,498, reflecting a slight 0.14% drop despite the large volume. Such quick and intense selling often signals increased bearish sentiment or large holders unloading their positions. With a 24-hour trading volume of $16.5M USDT, this massive sell-off represents a significant portion of the daily activity. Interestingly, the last alert for unusual activity was just 4 hours ago, suggesting heightened volatility and ongoing attention in the WBTC market. Traders are now closely monitoring whether this selling pressure will continue, potentially pushing prices lower, or if buyers will step in to stabilize the market. The coming hours will be critical as traders assess whether this is the beginning of a longer-term downtrend or a short-term price correction. With the market so reactive, participants are staying alert for potential shifts in momentum.
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