Wrapped Bitcoin (WBTC) Daily Market Analysis 23 February 2026

WBTC faces security and market pressure – here's the latest: • WBTC down 5.2% to $64,360.87 amid Infini protocol exploit (21 February 2026) • Exploit drained ~$49.5M; 87 WBTC at risk, prompting urgent calls for BitGo freeze • Incident reignites debate over WBTC's centralized custody vs. decentralized alternatives • Broader Bitcoin sentiment in "Extreme Fear" with "Bitcoin to zero" searches spiking • Despite headwinds, WBTC maintains near-perfect BTC parity and expands to new chains