Wrapped Bitcoin

Today's state: Wrapped Bitcoin is trading at $62,814.74 with a $8.2 billion market capitalization (rank #13). The price moved +0.62% over the past 24 hours and is -6.51% over 7 days; the 30-day move stands at +1.15% and the 90-day at +0.00%.

Position vs cycle: A 50%-plus discount to the all-time high is a deep correction in which, historically, momentum and liquidity have mattered more for the recovery path than statistical mean-reversion.

Volatility and structure: 30-day realized volatility of 37.6% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Bearish (37/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

Looking past Bitcoin alone, how closely WBTC tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +1.00 — a very strong positive relationship.
• Ethereum reference: +0.90 — a very strong positive relationship.
• Solana reference: +0.83 — a very strong positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Wrapped Bitcoin (WBTC) is a cryptocurrency, traded on global digital-asset markets. It trades at $62,814.74 as of the latest update, with a 24-hour move up 0.62%, placing it at rank #17 by market capitalisation among all listed digital assets. Wrapped Bitcoin's current market cap stands at $8.24B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Wrapped Bitcoin across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Wrapped Bitcoin lets holders of the underlying asset participate in DeFi or applications on a different blockchain while keeping exposure to the underlying. Wrapped versions of major assets are widely used as collateral, as liquidity for DEX pools, and as building blocks in structured DeFi products.

Wrapped Bitcoin currently ranks #13 by market capitalisation, making it a top-25 asset. It currently trades about 50% below its all-time high of $126,028.40 set in October 2025.

Wrapped Bitcoin (WBTC) is a wrapped asset: a token that represents another underlying asset on a different blockchain, issued under a custody or smart-contract guarantee. The underlying asset is held (or staked) by a custodian or protocol, and an equivalent amount of the wrapped token is minted on the destination chain. Burning the wrapped token releases the underlying.

Wrapped tokens are designed to track the underlying asset 1:1. Peg deviations occur when redemption is interrupted, when custody is questioned, or when DEX liquidity becomes thin. The metric that matters is not "price" but peg-to-underlying.

Wrapped Bitcoin currently ranks #13 by market capitalisation, making it a top-25 asset. It currently trades about 50% below its all-time high of $126,028.40 set in October 2025.

Wrapped Bitcoin is used wherever the underlying asset is needed in a different on-chain environment: as DeFi collateral, as part of liquidity pools, as a yield-bearing alternative (in the case of staking derivatives), and as the substrate for structured products. It is rarely used for direct speculation — that demand goes to the underlying.

Daily turnover is light — roughly 0.23% of market cap ($19.13M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

Wrapped Bitcoin is a wrapped token — supply expands as more of the underlying asset is custodied (or staked, in the case of liquid-staking derivatives) and contracts as the wrapped tokens are burned to redeem. There is no independent emission schedule. The tokenomics question that matters is whether the underlying is fully backing the wrapped supply, which depends on the custodian or protocol design.

Investors should treat the wrapped-token supply as a measure of how much "demand for on-chain DeFi access to the underlying" exists at the current moment. Growing supply suggests rising demand for DeFi composability with the underlying; shrinking supply suggests the opposite.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

The cross-asset relationships worth watching: the dollar index (DXY), historically inversely correlated with crypto over longer windows; the 10-year Treasury yield, a proxy for the cost of risk capital; gold, which sometimes shares a "monetary hedge" framing with Bitcoin during regime changes; and the S&P 500, which during liquidity-driven moves often rhymes with crypto despite the "uncorrelated" narrative.

Narrowing to Wrapped Bitcoin, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, WBTC has tended to advance with it; when it drains, the move has typically gone into reverse. Given the 90-day BTC correlation of +1.00, WBTC's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Risks are specific to wrapped assets: custody risk (the underlying may be compromised or seized), smart contract risk (mint/burn logic could be exploited), peg risk (the wrapped token can trade below par during stress), and protocol-specific governance risk (changes to the wrapping protocol may affect redeemability). Users should treat the wrapped token as exposure to the underlying plus the wrapper's risk surface.