Overview of Wrapped Bitcoin (WBTC)
Current Price: $108,911 USD (-0.80%)
Market Capitalization: $14.43 billion
Circulating Supply: 132,515 WBTC
24-Hour Trading Volume: $47.87 million
Wrapped Bitcoin (WBTC) is an Ethereum-based token pegged 1:1 to Bitcoin, launched in 2017. It combines Bitcoin’s liquidity with Ethereum’s smart contract functionality, making it a key player in decentralized finance (DeFi).
WBTC Price Trends and Analysis
Historical Performance
- All-Time High: $110,767 (-1.68% from current price)
- 52-Week Range: $49,967 to $111,601
- 30-Day Change: -1.26% from peak, +10.73% from lowest
Price Data (vs. USD, BTC, ETH)
| Metric | 1-Hour | 24-Hour | 1-Week | 1-Month | 1-Year |
|---|---|---|---|---|---|
| USD | +0.09% | -0.80% | +1.83% | +3.45% | +79.65% |
| BTC | +0.01% | -0.06% | +0.01% | -0.07% | -0.06% |
| ETH | +0.15% | +0.87% | -3.64% | +6.51% | +134.49% |
WBTC Market Dynamics
Key Features
- Pegged Value: WBTC maintains parity with Bitcoin’s price through transparent custodial reserves.
- Use Cases: Enables BTC liquidity in DeFi protocols like lending, staking, and yield farming.
Market Position
- Rank: #13 by market cap.
- Exchanges: Traded on 28 platforms, including major exchanges like OKX.
Blockchain and Wealth Distribution
On-Chain Stats
- Holders: 42,613 addresses
- Top 10 Addresses: Hold 53.98% of supply (likely exchange wallets).
| Wealth Tier | WBTC Held | Percentage |
|---|---|---|
| 1–10 | 69,547 | 53.98% |
| 11–100 | 27,289 | 21.18% |
| 101–1,000 | 19,454 | 15.10% |
| Others | 12,560 | 9.75% |
👉 Discover how WBTC enhances DeFi strategies
Investment Metrics
ROI and Volatility
| Period | ROI | Volatility |
|---|---|---|
| 3-Month | +30.79% | 19.02% |
| 6-Month | +11.28% | 31.46% |
| 12-Month | +86.65% | 46.66% |
Technical Indicators
- RSI (14): 65.42 (Neutral)
- SMA/EMA Trends: Bullish across 10–200-day averages.
FAQs About Wrapped Bitcoin (WBTC)
1. How does WBTC maintain its peg to Bitcoin?
WBTC is backed 1:1 by Bitcoin held in reserve by custodians, with regular audits for transparency.
2. Where can I buy WBTC?
👉 Trade WBTC on leading platforms like OKX.
3. What are the risks of holding WBTC?
Smart contract vulnerabilities and custodian trust are primary risks, though audits mitigate these concerns.
4. How does WBTC differ from other Bitcoin wrappers?
WBTC is the most widely adopted, with robust liquidity and integration across DeFi apps.
5. Can WBTC be used in staking?
Yes, many DeFi protocols offer yield opportunities for WBTC holders.
Conclusion
Wrapped Bitcoin bridges Bitcoin’s value with Ethereum’s ecosystem, offering liquidity for DeFi innovations. Its price stability, backed by reserves, makes it a reliable choice for crypto investors. For real-time trading, explore trusted exchanges like OKX.