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WLFI Price Decline Accelerates as Traders Favor Short Positions
WLFI Price Decline Accelerates as Traders Favor Short Positions
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BTCCSquare news:
WLFI's market trajectory turned sharply bearish as its price plummeted alongside a 4% drop in futures open interest to $915.05 million. The simultaneous decline in both metrics signals traders are exiting positions rather than establishing new ones—a classic capitulation pattern.
Coinglass data reveals a long/short ratio of 0.96, demonstrating overwhelming preference for downside bets. Such skewed positioning typically precedes extended downtrends when unaccompanied by contrarian liquidity inflows.
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