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WLFI Faces Spot Market Weakness as Derivatives Hint at Potential Upside
WLFI Faces Spot Market Weakness as Derivatives Hint at Potential Upside
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BTCCSquare news:
WLFI's spot market shows signs of fragility as on-chain data reveals significant sell pressure. Top 100 addresses dumped 216.54 million WLFI ($49.15M) in 24 hours, while Public Figures offloaded $546.40M worth. Smart Money accumulated 102.78M WLFI ($23.33M), but this buying appears insufficient to counterbalance the outflow.
Whale activity between 1-10M token holders added just $6.10M worth of WLFI—a drop in the bucket compared to overall selling pressure. The derivatives market now emerges as a potential catalyst, with liquidation patterns suggesting hidden momentum that could drive prices beyond recent highs despite spot market weakness.
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