Weak Selling Pressure Causes Minor Price Drop in Wrapped Bitcoin (WBTC/USDT)

In the recent trading data for Wrapped Bitcoin (WBTC/USDT), there's a noticeable sell volume of 94.54K USDT within just 54 seconds, with no buy activity at the moment. The price has slightly declined by about 0.1%, from 112,150 to 112,049.62 USDT. Over the past 24 hours, there's been a decrease of approximately 1.13%, with smaller fluctuations over the last 4 hours and 15 minutes, indicating a minor downward trend. The 24-hour trading volume is substantial at 7.523 million USDT, with sell orders dominating at 55%, amounting to approximately 4.132 million USDT, compared to buy orders at 45%. The net volume changes show a decrease over the last 15 minutes by 26%, while the 1-hour window experienced a 6% increase, and the 4-hour window saw a 20% decrease, reflecting shifting market sentiment. Overall, the data suggests bearish pressure in the short term, with heavy sell volume and a slight price decline, indicating that traders may be leaning towards selling rather than buying, which could lead to further downward movement if the trend persists.