Wrapped Bitcoin (WBTC) is currently trading at $90,280, reflecting a slight decline of 1.02% over the past 24 hours. The daily range has been notably broad, with a high of $92,609 and a low of $90,111, indicating significant volatility in the market.

The trading volume stands at approximately $182.23 million, equating to a volume-to-market cap ratio of 1.62%. This suggests moderate trading activity compared to the overall market capitalization of WBTC, which may impact liquidity and price stability.

Looking at moving averages, the short-term averages (8 SMA at $90,600.71 and 13 SMA at $90,645.00) indicate a slight bearish trend, while the 55 SMA ($91,045.13) reinforces the downward pressure. Conversely, the 144 SMA at $88,699.86 shows a positive movement of 1.78%, indicating potential support at lower levels.

The 1-hour RSI is currently at 37, suggesting that WBTC may be oversold in the short term, while the 7-day RSI at 55 indicates a neutral to slightly bullish momentum over the week. However, the recent 14-day price change of -6.14% and a substantial 30-day decline of 18.46% highlight a bearish trend in the medium to long term.

Considering the all-time high of $125,932 reached in October 2025, current prices are significantly lower, showing a potential for upside but also a risk of continued downside. The combination of bearish short-term indicators with moderate support levels suggests caution for traders.

In summary, while WBTC presents some oversold conditions in the short term, the medium and long-term trends remain bearish. Given the current data and market conditions, a Hold rating is recommended, allowing for the potential of recovery while monitoring for signs of further downward movement.