WCT's price drop from $1.37 to $0.80 highlights extreme market conditions, with significant liquidations and negative funding rates reported.
WCT's price has fallen from $1.37 to $0.80 in two hours, a decline exceeding 40%. Coinglass reports extreme negative funding rates for WCT contracts on major CEX platforms, with a 24-hour trading volume of $3.4 billion and total open interest of $196 million. In the last four hours, WCT contract liquidations reached $4.8 million, surpassing Bitcoin's $510,000 and Ethereum's $1.29 million liquidation amounts.