Wormhole posts further losses – But THIS can trigger W’s bullish rebound

Wormhole [W] has faced significant market pressure in the past day, recording a roughly 10% loss. The decline in W has lasted for weeks now, with the asset down 24% in the past week. Data from CoinGlass shows that one group, known as whales, is driving this decline, and a rally is still on the table. Whales drive W's decline The decline the market witnessed in the past day has been whale-driven. This insight is based on price performance and the Whale Retail Delta, which tracks whether whales or retail investors in the market are dominating price movements. The Delta has a reading of 0.323, which is up from its previous day's level and maintains a positive stance.

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