Worldcoin Falls 13.55% as Long Liquidations Reach $4.68 Million

Worldcoin (WLD) fell 13.55% over 24 hours to $0.471 as of 3 p.m. ET (19:00 UTC) Saturday, extending a failed breakout above $0.58 while long liquidations totaled $4.68 million Friday.

Bitcoin (BTC) declined 1.26% and Ether (ETH) fell 1.47% over the same 24-hour period. Friday’s WLD liquidations included $517,800 in short positions, compared with $4.68 million in long positions. Liquidations occur when an exchange forcibly closes a leveraged position after a trader no longer meets margin requirements.

WLD had traded between $0.46 and $0.58 in recent weeks before closing a four-hour session above $0.58 on Oct. 21. The breakout did not hold. By 3 p.m. ET (19:00 UTC) Saturday, WLD had fallen 21.3% from $0.598 to $0.471.

Chart signals varied by timeframe. Four-hour indicators pointed to capital outflows and downward momentum, while the daily price structure remained bullish. On the one-hour chart, the relative strength index was below 50, the moving average convergence divergence indicator was nearing zero and Chaikin Money Flow was neutral.