Worldcoin [WLD] has shown remarkable resilience in the face of market volatility. The robust liquidation pool at $2.01 and varied open interest trends suggest a sense of stability for the asset, despite experiencing significant capital outflows.
Steadfast WLD Liquidation Pool at $2.01
According to data from Coinglass, WLD maintains a substantial liquidation pool of approximately $1.53 million at the crucial price level of $2.01. This sizable pool serves as a strong indicator of a bullish sentiment that is likely to keep market participants highly engaged.
Despite market fluctuations, the $2.01 position remains pivotal for stakeholders closely monitoring liquidation risks.
Source: Coinglass
Surge in Open Interest Indicates Increased Activity
WLD’s open interest surged from $100 million to over $300 million in July, signaling a significant uptick in market activity. This rapid surge aligns with a modest price increase over the same period, suggesting a rise in speculative capital flowing into the asset.
Although open interest has since subsided to the $150-200 million range, it signifies a return to market equilibrium.
Source: Coinglass
Price Movements Shaped by Volatile Capital Flows
An analysis of WLD’s spot inflow/outflow data from Coinglass over the past year reveals substantial capital movements. In March, an unusually large inflow propelled WLD’s price from $3 to $12, while subsequent months saw regular outflows, indicating profit-taking or wavering confidence among investors.
Despite these outflows, WLD has managed to stabilize around the $2 mark, showcasing resilience in the asset and maintaining investor confidence.
Source: Coinglass
Recently, WLD has exhibited an intriguing market behavior, demonstrating stability around the $2 threshold amid volatile capital movements.
With a robust liquidation pool at $2.01 and steady open interest levels, WLD appears to be finding its footing despite the tumultuous market conditions.