Crypto Express

07/15 05:18

WIF Liquidation levels tilt bullish

Traders appeared highly active near $0.973 and $1.09, with CoinGlass data showing $18.17 million in Cumulative Long Liquidations at these levels.

By contrast, shorts totaled just $2.64 million, suggesting bulls were pressing their advantage while bears stayed cautious.

WIF’s price momentum and surge in trading volume:

WIF’s market cap climbed to $1.05 billion, while its 24-hour trading volume soared 83.89% to nearly $588 million, per CoinMarketCap.

This uptick in activity reflected rising investor interest as the token broke out from a multi-week consolidation.

Naturally, derivatives traders jumped in.

Meanwhile, at press time, WIF’s Long/Short Ratio stood at 1.014, indicating strong bullish sentiment among traders. This value suggests a slight bullish bias, as buys slightly outnumber sells.

CoinGlass revealed that WIF’s Open Interest — over the past 24 hours — surged by 8.42%, totaling $476 million. 

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