A $12.5m WLFI transfer to Coinbase Prime, heavy long leverage, and key support near $0.11 raise volatility risks despite strong institutional positioning. A $12.5 million USD1 transfer connected to WLFI token wallets has prompted market speculation after the funds moved to Coinbase Prime, according to blockchain analytics data. The movement could represent profit-taking, given Coinbase Prime’s role as an institutional exchange platform. The WLFI price recently declined below a demand zone where the cryptocurrency had consolidated over several months.
Alternatively, the transfer may constitute a liquidity operation or routine treasury management activity. Nansen data showed the WLFI team transferred over $12.5 million USD1 from a multisignatory wallet to a new address on Tuesday. The funds were subsequently traced to Coinbase Prime. The broader cryptocurrency market has experienced increased activity amid expectations of interest rate cuts and rising institutional exchange-traded fund inflows, according to market analysts.
The seven-day WLFI liquidation map indicated cumulative long liquidation leverage of $12.26 million compared to short liquidation leverage of $8.14 million, reflecting bullish positioning among traders. CoinGlass data showed a concentration of large orders between $0.107 and $0.11. Technical analysis suggests potential for movement toward $0.145, where a market imbalance occurred during the recent downtrend. Large cryptocurrency transfers to exchanges typically attract attention from market participants, as such movements can indicate potential selling pressure during periods of market uncertainty.
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