Worldcoin is experiencing difficulties holding support at 1.00 USD due to a prevailing risk-off sentiment. Liquidations have surged, particularly impacting long position holders, as evidenced by a 2.12 million USD liquidation in the past 24 hours.
Open interest for Worldcoin futures has decreased significantly, down to 287 million USD from 465 million USD in July. This decline highlights low trading interest, jeopardizing the potential for a near-term recovery above the 1.00 USD mark.
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