Wrapped Bitcoin (WBTC) is currently priced at $113,863, reflecting a 24-hour decline of 1.53%. The daily trading range has been between $113,726 and $117,003, indicating a moderate level of volatility with a range of 2.8% within the last day.

Volume stands at approximately $236 million, translating to a volume-to-market cap ratio of 1.63%. This relatively low ratio suggests limited trading activity compared to the market capitalization, which could imply a lack of strong interest or conviction from traders at current levels.

The hourly moving averages indicate bearish momentum, with the 8 SMA at $115,208 showing a decline of 1.17%, while the longer-term 144 SMA at $118,120 shows a more significant drop of 3.60%. This alignment of declining moving averages suggests that short-term price action remains under pressure, supporting the bearish sentiment in the market.

The 1-hour RSI is at 25, indicating that WBTC is oversold in the very short term, while the 7-day RSI at 40 also reflects bearish momentum but is approaching the neutral zone. Combined with the 7-day price change of -4.22%, these indicators imply that a recovery may be possible, though it remains contingent on broader market conditions.

Comparatively, the all-time high of $123,882 reached in August 2025 is substantially above current levels, suggesting that WBTC is currently trading at a significant discount from its historical peak. The recent price changes over the past 14 and 30 days, at -0.41% and -3.60% respectively, indicate that WBTC is experiencing a prolonged downtrend.

Given the current technical indicators and the overall bearish trend in the short to medium term, the recommendation is to Hold. The oversold conditions might provide a potential for short-term recovery, but the prevailing downtrend and low trading volume indicate caution for any new positions.