Wrapped Bitcoin (WBTC) — price, funding and open interest
WBTC/USDT perpetual on Binance · BingX · Kraken: price 82,860.4, 24h turnover $2.5M. Updated in real time.
What this is
Network infrastructureWrapped Bitcoin is bitcoin wrapped into an Ethereum-standard token: the real BTC sits with a custodian (BitGo) while a one-to-one receipt circulates on-chain, accepted by lending protocols and exchanges. WBTC is what opened DeFi to bitcoin — you can pledge, borrow against or pool only a token, not a coin from another network. The risk here is not market but trust: everything rests on the custodian actually holding the reserves, and in 2024 a change of control over it pushed several protocols to look for alternatives.
Chart
Chart built from data of Binance
What the data shows
WBTC trades at 82,860.4. Over 56 days it ranged between 62,762.3 and 87,385.3; the price now sits in the upper third of that range — 82% of the way from the yearly low to the high.
All-time high is 87,385.3 (September 2026); the price is 5% below it now.
The daily range is 0.8% and five-minute NATR is 0.03%. That range is at percentile 5 for the year — a noticeably calmer day than usual.
Over the day +0.44%, over the hour -0.12%, over the last five minutes -0.06% — the move has only just started.
NATR is 0.01% on the minute and 0.14% on the hour — the move is choppy: within an hour price travels far and comes back.
24-hour turnover is $2.5M — percentile 45 for the year: a normal level of activity for it.
Traded on 3 venues: Binance, BingX, Kraken — the price is cross-checked across several sources.
WBTC correlation with Bitcoin over 24 hours is 0.97 — the coin closely follows the market.
By turnover it ranks 630 of 2041 instruments in the screener.
By daily range it ranks 1618 of 2041.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now WBTC is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — network infrastructure. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.