Worldcoin sheds 49% in two weeks—traders still eyeing the golden pocket 🪙

Bitcoin [BTC] bounced 4.73% from a local low of $57,800 to $60,536 over the past 24 hours, before easing to $60,048 at the time of writing. The move came a day after roughly $410 million in leveraged positions were liquidated across the market on Tuesday, June 30, according to data cited in the report. Among the casualties were $8.3 million in Worldcoin [WLD] positions, including $8.06 million in long bets.

Worldcoin has fallen from $0.7229 to $0.3686 over the past fortnight, a 49% drop that erased most of the June rally above $0.65. That breakout had produced a bullish swing structure break for WLD, which has since been followed by a deep correction. The on-balance volume (OBV) has returned to June lows while the relative strength index (RSI) has trended toward the 30 oversold level.

From a structural standpoint, the trend remained bullish, with prices now sitting in the golden pocket between the 61.8% and 78.6% Fibonacci retracement levels of the prior leg higher. The Chaikin money flow (CMF) pointed to short-term stability even as the OBV slid, though a drop below -0.05 on the CMF, a loss of the OBV local low, and a WLD print under $0.333 would collectively tilt the picture bearish.

On the 4-hour chart, the latest impulse wave to $0.723 originated from $0.416, a level that has now been surrendered without significant defense. The next support to watch sits at $0.333, with $0.348 identified as a nearby magnetic zone where prior liquidation pools have been cleared.

The path lower has been driven by sustained waves of forced selling and liquidations, though the report noted that this leg could soon be ending. A recovery back above $0.416 would mark a safer trigger for buyers, though any further Bitcoin sell-off would likely weigh on WLD's near-term trajectory.