On Binance yesterday, $WBTC dropped to $5k before rebounding swiftly. This could have been an opportunity for some lucky buyers to grab a wrapped bitcoin at a 95% discount. But i dont think so someone catch this knife!

The reasons for the sudden drop are unclear, maybe troubles with liquidity!

wBTC is a wrapped Bitcoin token on the $ETH blockchain, maintaining a 1:1 ratio with $BTC .

Previously: Coinbase decided to delist wBTC. And absolutely have no idea why do we need wrapped btc

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November 24, 2024 at 4:11 PM
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