WLD fell 10% in 24 hours as sellers in the perpetual market prevailed, leading to heavy liquidation of Longing positions.
This development occurred after the team behind Worldcoin sold approximately 51.17 million WLD, worth about $13.67 million, over a 14-day period from April 25th to May 10th. Meanwhile, spot investors continued to buy, creating a counterbalance to the selling pressure from the Derivative market.
- WLD fell 10% in a single day as selling pressure intensified in the perpetual market.
- Longing positions in the last 24 hours totaled approximately $1.37 million, overwhelmingly outnumbering Short positions.
- Spot investors are still accumulating WLD, with $5.54 million in one week, but are facing risks if the downtrend continues.
Short sellers are controlling the majority of WLD's perpetual liquidation .
The WLD perpetual market is now clearly skewed towards sellers. The Open Interest-Weighted Funding Rate has turned negative at -0.0286%, indicating that the majority of Capital in this market is held in Short positions.
The total value currently in the perpetual market for WLD is approximately $151 million, while the perpetual volume is $288.89 million. The Longing/ Short Ratio at 0.73 also confirms that Short sellers are dominant in the current downtrend.
Liquidation of Longing positions increased sharply as prices fell further.
Pressure from Short sellers has been directly reflected in long positions. Over the past 24 hours, total liquidation of WLD was approximately $1.41 million, of which $1.37 million came from Longing positions.
This indicates that the downturn has caused buyers to suffer much greater losses than sellers. Besides liquidations, the market also recorded an additional $9.33 million withdrawn from Open Interest, pushing the index to a new low.
Spot is still buying, but the risks are increasing.
In contrast to the perpetual market, spot investors continued to buy WLD even as prices fell. Over the past 48 hours, spot purchases totaled $2.5 million, and total spending for the week was $5.54 million, the highest level since the week beginning February 9, 2026.
However, accumulating positions while Derivative are controlling the price trend could expose spot investors to greater risk if the decline continues. Current data does not suggest this buying pressure is strong enough to reverse the overall market trend.
Summary
WLD is under downward pressure from the perpetual market, while spot investors are still buying but not enough to ease the overall trend. Funding rate, Longing/ Short ratio, and liquidation indicators all suggest that sellers have the short-term advantage.
