WLFI: Oy Vey! 📉

by

Hold the Phone! WLFI is Having a Moment!

So, What Exactly Went Kablooey?

Oy gevalt! World Liberty Finance [WLFI] took a tumble! A $190 million sell-off? That’s not just a little sniffle, that’s a full-blown financial flu! And Open Interest? Dropped like a hot potato to $300 million! It was a long liquidation cascade, folks, a real mess! 😫

What’s Next for This Schlemiel?

The technicals? Fuggedaboutit! Liquidation clusters around $0.13 – a resistance as stubborn as my Aunt Mildred. Recovery? Depends on two things: people actually wanting to *buy* the thing, and some short-covering momentum. Don’t hold your breath. 🙄

The market, bless its fickle heart, didn’t spare WLFI. Twenty-five percent! That’s more than a haircut, that’s a shave! Investors? Underwater, naturally. And somebody – a big somebody – decided $190 million was burning a hole in their pocket and cashed out. Smart move, probably.

They’re *trying* for a rebound, see? But traders are looking at WLFI like a week-old gefilte fish. AMBCrypto tells us what you need to know…if you *dare*.

A Dual Market Disaster!

Spot *and* Derivatives? Both sold off! It was like a double whammy! A financial one-two punch! The last 24 hours were…not pretty.

Open Interest plummetted, taking $150 million with it from centralized perpetual exchanges. When money leaves like that, it’s usually saying, “So long, sucker!”

And the bears? They were having a field day! $47 million in long liquidations versus a measly $7.8 million in shorts. The bears were dancing, I tell ya, *dancing!*

Even spot traders got in on the action, unloading $6 million worth of WLFI. Everyone wants out!

The Great Buyback…Eh.

So, the team behind this…*endeavor*…tried a buyback. A desperate attempt to stem the bleeding, a band-aid on a broken leg!

They spent $7.15 million on 55.69 million WLFI. Good for them! But guess what? They promptly lost $2.85 million because the price just…kept…dropping. Oy.

And the community? Not impressed! They voted against buying more! Can you believe it? Beta followers have more sense than a bag of hammers!

Bullish sentiment dropped from 82% to 67%. Folks are losing faith faster than you can say “Ponzi scheme!” 🙅

Without some serious love, more losses are coming. You’ve been warned.

What Now, For Cryin’ Out Loud?

The chart? It’s all over the place. A real mishmash! Like a borscht belt revue gone wrong.

Liquidity clusters around $0.13, balanced as a…well, as a tightrope walker with a cold.

It all depends on momentum. More bearish pressure? Down it goes! Unless spot and futures markets suddenly develop a craving for WLFI, it’s gonna be a long, slow correction.

So, buckle up, folks. It’s gonna be a bumpy ride. And don’t say I didn’t warn ya! 😬

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2025-10-12 11:10