Wrapped Bitcoin (WBTC) is currently priced at $95,611, reflecting a 24-hour change of -3.24%. The daily trading range has been significant, with a high of $100,224 and a low of $94,451, indicating volatility in market sentiment.

Trading volume stands at approximately $643.7 million, which corresponds to a market cap turnover of 5.32%. The hourly moving averages show a consistent downward trend, with the 8 SMA at $96,148.68 and the 55 SMA at $100,386, suggesting bearish momentum in the short to medium term.

The RSI metrics indicate oversold conditions, with the 1-hour RSI at 29, which typically signals potential for a price correction. However, the 7-day RSI of 44 suggests that momentum is still weak, reflecting a lack of buyer interest over a longer timeframe.

In terms of price performance, WBTC has seen a decline of approximately 6.63% over the last week, 12.72% over the last 14 days, and nearly 14% in the past month. These figures indicate a persistent downward trend, raising concerns about potential further declines unless significant buying pressure emerges.

The all-time high for WBTC remains at $125,932, reached on October 6, 2025, but the current price is significantly lower, suggesting a substantial market correction from historical peaks. Overall, given the current bearish indicators and lack of upward momentum, the outlook for WBTC appears negative.

Based on the analysis of technical indicators and price trends, I recommend a Sell rating for WBTC. The combination of declining moving averages, oversold RSI conditions without strong buying interest, and significant recent price declines suggest that holding or accumulating at this stage may not be prudent.