World Liberty Financial (WLFI) has executed a significant on-chain transaction, swapping 73 Wrapped Bitcoin (WBTC) for 5.03 million USDC. The move, reported by on-chain analytics platform Onchain Lens, was conducted directly on the blockchain, bypassing centralized exchanges. This conversion of a volatile asset into the stablecoin USDC is viewed by analysts as either a strategic profit-taking move or a shift toward capital preservation within the crypto ecosystem.
The transaction comes as the WLFI token itself faces severe selling pressure. According to analysis shared by crypto analyst Crypto Patel, WLFI's price has declined by approximately 78% from its all-time high near $0.4780, now trading around $0.1306. The analyst's chart outlines a critical technical battle, with a horizontal support zone between $0.113 and $0.125.
Crypto Patel warns that a decisive break below the $0.113 support could trigger another sharp decline of roughly 40%, potentially sending the price toward $0.07. Conversely, holding above this support could allow for a relief bounce back toward the $0.18 to $0.20 resistance area, representing a 40% recovery. However, the broader market structure remains bearish, characterized by lower highs within a descending channel.
The on-chain sale of WBTC has put the market on alert, with Onchain Lens suggesting World Liberty Financial may sell more assets. The transparency of the blockchain will reveal whether this is an isolated event or the beginning of a broader strategic shift by the entity to divest from risk assets and reallocate capital.
