$WBTC /USDT $118,202.82 (+1.20%)
• News & fundamental
WBTC remains a 1:1 ERC-20 representation of Bitcoin used to bring BTC liquidity into DeFi; market strength is tied to BTC ETF flows and institutional demand, keeping WBTC tightly correlated with BTC price and on-chain supply dynamics.
• smart money & whale (manipulation / scam check)
Recent reports show both renewed whale accumulation and episodic large exchange inflows — a mixed flow picture that raises short-term volatility risk but no clear scam indicators; custodial mint/burn transparency (BitGo/WBTC DAO) limits pure rug risk.
• technical (S/R & ICT) & trade ideas — TF: M15, H1, H4 (TradingView/Binance)
M15: tight consolidation; micro support $116.0k–$117.5k, quick scalp above $118.5k. H1: momentum hinge at $116k — hold for continuation; breakout target $122k. H4: structure bullish if above $112k (major S); liquidity sweep likely above $120k (ICT buy-side).
Trade setups
• Long (pullback): Entry $116.5k–$117.5k, SL $114.5k, TP1 $122k, TP2 $128k.
• Momentum long: Entry > $122k on 4H close+volume, SL $119.5k, TP $135k.
• Short (rejection): Entry $122k–$124k, SL $126k, TP $118k → $112k.
• Sentiment
Bullish–cautious: institutional flows and whale accumulation support upside, but watch exchange inflows and liquidity events for abrupt pullbacks.
