Wrapped Bitcoin (WBTC) is currently priced at $86,867, showing a modest 24-hour change of 0.87%. The daily range indicates volatility, with a high of $87,058 and a low of $83,841, reflecting a substantial daily fluctuation of 3.68%.

Trading volume stands at $334,273,584, with a volume-to-market cap ratio of 3.08%, suggesting a healthy trading activity relative to its market capitalization. Short-term moving averages indicate bullish sentiment, with the 8 SMA and 13 SMA both showing positive momentum, while the longer 55 SMA and 144 SMA indicate bearish pressure.

The 1-hour RSI is at an extremely high level of 90, indicating overbought conditions in the short term. In contrast, the 7-day RSI sits at 50, suggesting a neutral market sentiment over the past week, while the 7-day and 14-day price changes show slight declines of approximately 0.93% and 3.29%, respectively.

The 30-day price change indicates a more significant decline of 21.35%, highlighting a bearish trend in the medium term. This trend is further emphasized by the fact that WBTC is trading well below its all-time high of $125,932, reached on October 6, 2025.

Considering the current data, the mixed signals from both short-term bullish momentum and long-term bearish trends warrant caution. Given the current price action and overbought conditions indicated by the 1-hour RSI, a Hold rating is appropriate for WBTC at this moment, as potential correction may occur before any upward movement can be sustained.