$WBTC "WBTC/USDT Dips 1.38% – Wrapped Bitcoin Forgets It's Supposed to Track BTC"
The "Bitcoin with extra steps" token WBTC is playing hooky today, sliding to **$102,253 (-1.38%)** while apparently ignoring Bitcoin's price completely. Someone might want to check the wrapping paper for holes...
**24h Drama:**
- **High of $104,291**: *"We're basically Bitcoin!"*
- **Low of $102,241**: *"Wait, why are we down more than actual BTC?"*
- **Volume**: 77 WBTC moved – either institutional adoption or one guy rebalancing
**Crypto Twitter Verdict:**
- **Maxis**: *"This is why we don't do wrapping paper"*
- **DeFi Degens**: *"I'll just bridge it again... and again... and..."*
- **Newbs**: *"So this is like Bitcoin but worse?"* (Yes.)
**Possible Causes:**
1) A whale forgot they had WBTC and panicked
2) The Ethereum gas fee to unwrap it hit $500
3) Bitcoin maximalists running a smear campaign
**Final Wrap:**
WBTC's underperformance today is either a glitch in the matrix or proof that sometimes, the original is just better. Like pizza. Or Bitcoin.
*Disclaimer: Not financial advice. May contain traces of centralization.*
