08.09.2025 03:02
Drawing from internet sources, Worldcoin (WLD) has witnessed a substantial upward surge, climbing an impressive 11% and seemingly breaking free from its previous trading constraints. This recent rally has ignited discussions about its potential to reach the $1.5 mark.
The cryptocurrency's momentum appears to be significantly bolstered by activity in the derivatives market, evidenced by rising liquidity inflows and substantial backing from major exchange Binance. This influx of capital suggests growing confidence among traders. Simultaneously, spot market participants are also contributing to the upward pressure, with technical indicators pointing towards a potential for a sustained rally.
In the preceding 24-hour period, Worldcoin has emerged as a standout performer, outpacing many other digital assets with its remarkable 11% price appreciation. This growth is attributed to a strengthening of buying activity across both the derivatives and spot markets. An examination of WLD's price chart indicates a clear trajectory for further gains, with the prevailing bullish sentiment likely to sustain this upward momentum.
The impressive price increase has been mirrored by a substantial surge in liquidity within the derivatives market, as indicated by a significant rise in Open Interest. This metric, which tracks the total value of outstanding derivative contracts, climbed by 20% to $447 million, according to data compiled by CoinGlass. The notable increase, totaling $112 million, overwhelmingly favors bullish positions, with the long-to-short ratio in the derivatives market reaching 1.05. A ratio exceeding 1 signifies that buying volume surpasses selling volume, denoting a dominance of bullish sentiment.
Further analysis reveals that Binance has played a pivotal role in the overall derivatives trading activity for WLD. CoinGlass data indicates that Binance recorded the highest Open Interest and trading volume among centralized exchanges, with figures of $116.03 million and $228.71 million respectively, translating to a trading volume ratio of 2.2 for the exchange. This prominent participation from a leading exchange underscores the significant interest in Worldcoin's derivatives market.
The bullish outlook is further reinforced by the increased activity observed in the spot market. Over the past week, spot purchases have intensified considerably, with a total of $8.77 million worth of WLD acquired. This represents a dramatic shift from the preceding week, when spot purchases amounted to a mere $285,000 on August 25th, highlighting a renewed and significant interest from retail and institutional investors in acquiring the cryptocurrency directly.
