Worldcoin (WLD) Price Crashes 21% But Here’s How Traders Profited From It

Worldcoin (WLD) experienced a sharp 21% drop, tracking broader market weakness after a brief recovery attempt failed. Despite the crash, some traders profited by being defensively positioned, anticipating the reversal. Holders have been accumulating WLD, adding 13 million tokens over three days, and are currently not rushing to sell, as evidenced by stable exchange balances, suggesting HODLing behavior persists.

Derivatives data indicated the impending downturn, as Worldcoin's funding rate turned deeply negative on January 29, signaling that short sellers dominated and were paying longs, which amplified the subsequent correction. At the time of writing, WLD traded near $0.46, holding above the $0.44 support level after failing to break a month-long downtrend.

Sentiment remains mixed, balancing holder accumulation against bearish derivatives positioning, suggesting near-term consolidation between $0.44 and $0.47. A breakdown below $0.44 could expose lower targets near $0.41 or $0.40.

(Source：BeInCrypto)