buy on weakness

WBTC Snapshot: $118.8K Price with Weekly Strength — Watch Short-Term Pullback

I'm reviewing Wrapped Bitcoin (WBTC) on Ethereum — contract 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599. Currently the market price sits at $118,841, showing near-flat action over the last hour with a 1h change of +0.03%.

Over 24 hours WBTC is down about -2.3%, while the 7-day performance is positive at +4.1%, indicating a short-term pullback inside a weekly uptrend. The 24h trading range has swung between a low of $118,208 and a high of $122,072.

On-chain and market liquidity remain robust: WETH liquidity is approximately $23,852,491 and 24h trading volume is $12,048,171. Fully diluted valuation is listed at $15,098,756,855 with a circulating market cap near $15,075,026,782, reflecting meaningful market depth and institutional-scale capitalization.

For further reference, I note the official socials and resources available: website, Telegram and X links, plus chart and scan tools for deeper technical and on-chain checks.

Source available for registered users Sign Up Free

AI Analysis

The price picture for Wrapped Bitcoin shows shallow intraday movement but a slight 24-hour decline set against a weekly gain. A 1h change of +0.03% suggests limited immediate momentum, while the -2.3%...

AI Recommendation

Given the data, I view WBTC as a structurally liquid and well-capitalized proxy for Bitcoin on Ethereum. For traders and partial allocators seeking BTC exposure within DeFi, consider using brief dips ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: