Markets· ★★· bearish·

Worldcoin drops 11% as longs get wrecked; $4.32M in long liquidations

  • —WLD fell 11% on September 24 as capital exited spot and perpetual markets
  • —Perpetual traders sold $280.92 million in WLD, netting a $41.45 million outflow
  • —Spot inflows of $63.89 million outpaced outflows, leaving a net positive flow of $6.02 million
  • —Longs accounted for $4.32 million of the $4.36 million in total liquidations; shorts lost just $39,090
Why it matters: A negative funding rate and lopsided long liquidations keep downside risks elevated for WLD despite a recent funding recovery.
Source: AMBCrypto