WCT Contracts on Major CEX Reach Extreme Negative Funding Rates, 4-Hour Liquidation Volume Surpasses Bitcoin

Market information: WCT has dropped from $1.37 to $0.8 in the past 2 hours, a decline of over 40% in 2 hours.

According to Coinglass data, the WCT contract on major CEXs has reached the limit negative funding rate, with most platforms reporting a funding rate of -2%.

Currently, the 24-hour trading volume of WCT contracts across the network is as high as $3.4 billion, with a total contract open interest of $196 million. In the past 4 hours, WCT contracts have seen liquidations of $4.8 million, surpassing Bitcoin's $510,000 and Ethereum's $1.29 million in liquidation volume.