Worldcoin: Is WLD Liquidation Pool at $2.01 a Game Changer?
WLD shows significant flexibility at $2 despite volatile capital movements and fluctuating open interest trends.
WLD has shown stability in the market at $2.01 despite a steady stream of exits and a solid liquidation pool.
- Altcoin open interest increased significantly in July, indicating growth in market activity.
Worldcoin [WLD] has been resilient to market turmoil. The altcoin’s strong liquidation pool at $ 2.01 and mixed open interest trends paint a picture of stability for the asset, despite heavy outflows.
Strong WLD liquidation pool is $2.01
According to Coinglass data, WLD has a liquidation pool of about $1.53 million at its original price level of $2.01. This significant large pool should indicate a strong bullish bias that will keep market participants very interested.
Even with all the volatility, this $ 2.01 position is key for market participants monitoring the risks of a breakout.
Source: Coinglass
Signals of increasing open interest increased activity
WLD’s open profit increased from $ 100 million to more than $300 million in July . This too rapid increase indicates an increase in market interest that coincides with an average price increase over the same period. The sudden increase indicates an influx of speculative capital.
However, its free interest has since fallen to the $150-200 million range, suggesting the market is back in balance.
Source: Coinglass
Volatile inflows and outflows shape price movement
Looking at WLD I/O data from Coinglass over the past year, there have been some wild capital movements.
An unusually large inflow in March pushed the price of WLD from $3 to $12, while several months of regular outflows after that suggest a profit-taking or loss of confidence by market participants.
Interestingly, despite these flows, WLD remains at the $2 level, reflecting the resilience in its underlying asset and investors’ faith in it.
Source: Coinglass
WLD has seen an interesting market pattern recently. The altcoin shows stability around $2, regardless of inflows and outflows of volatility.
With a strong liquidation pool at $2.01 and stable open interest, WLD finds its balance even with turbulent capital movements.
