WLD's 14% nosedive leaves longs and shorts equally rekt, $2.17M vanished in 24h 💀

Worldcoin [WLD] pulled back from a local high of $0.715 to $0.5912 at press time, shedding roughly 14% as sellers broke below the $0.70 mark following a stalled rally. Bulls defended the prior resistance-turned-support zone of $0.65–$0.655 before the floor gave way and price drifted into accumulation near $0.6067. A subsequent bounce lifted WLD by 3.15% to $0.6222, though the Relative Strength Index sat near 52.4, indicating balanced momentum rather than capitulation. Reclaiming $0.6313 would be required to challenge the downtrend and set up a retest of the $0.70 zone; failure to do so would risk a revisit of $0.6067 and expose $0.5912 as the next support level.

Liquidation data from CoinGlass shows $2.17 million wiped out over the past 24 hours, with longs absorbing $1.10 million and shorts taking $1.08 million, a near-even split that reflected two-sided volatility. Earlier, short liquidations had fueled the push toward a peak of $0.7234, but bullish traders also began losing positions as price reversed.

Open Interest climbed from roughly $150 million to over $550 million during the rally before declining alongside the price. By the time WLD retreated to around $0.62, Open Interest had fallen to approximately $450–$480 million as participants closed out positions and trimmed risk exposure, a reduction driven by position unwinding rather than fresh capital inflows.