Wrapped Bitcoin (WBTC) Sentiment & Fear and Greed Index

Over the past month, Chun Wang withdrew 86,998 ETH ($152 million) and 973 WBTC from Binance. Today, he purchased 9,937 ETH and 147 WBTC, continuing a pattern of asset accumulation.

An address linked to F2Pool co-founder Wang Chun withdrew 7,650 ETH and 124.18 WBTC, worth approximately $20.7 million, from Binance over the past four hours. The accumulation, spotted by on-chain analyst @ai_9684xtpa, suggests a potential building of positions in Ethereum and Wrapped Bitcoin.

Wrapped Bitcoin (WBTC) has been activated as collateral on the USDD stablecoin platform, allowing users to mint USDD against their WBTC holdings. This integration expands the utility of Bitcoin within the TRON ecosystem by enabling decentralized borrowing and lending.

Echo Protocol suffered a $77 million exploit today, stemming from an admin key compromise. The attacker minted 1,000 unauthorized eBTC on the Monad network. These tokens were used as collateral to borrow Wrapped Bitcoin (WBTC), which was then bridged to Ethereum and laundered through various methods, including Tornado Cash. As a result, most of the stolen eBTC was destroyed and bridge operations were suspended.

The USDD April 2026 Transparency Report shows the stablecoin's supply reaching a new all-time high of 1.558 billion, an increase of 10.87% month-over-month. This supply is backed by $2.16 billion in collateral. The report highlights a robust 146% collateralization ratio for USDD.

A recent Ethereum phishing scam has led to a total loss of $585,000 in WBTC from four victims within an 11-hour period. One individual user alone lost $221,000 in Wrapped Bitcoin to this attack. The incident, involving a single drainer targeting the Ethereum network, was reported by Scam Sniffer.