The net inflows into contract positions and spot indicate a bearish sentiment in the short term, with significant outflows in the 1-day and 3-day intervals. However, the long-term trend shows a more balanced picture with moderate inflows over 30 days and 2 months. The spot transaction distribution suggests that the majority of trading activity is concentrated in the lower price range, which could imply a potential support level. The long-short ratio has increased, indicating a shift towards more bullish positions, but the contract trading volume has decreased, which might suggest a reduction in market activity or confidence.

Open interest has seen a significant decrease in the short term, which could indicate a lack of liquidity or a decrease in market interest. However, the long-term decrease in open interest is less pronounced, suggesting that the overall market interest might be stable.

Considering the contract and spot market liquidity, the short-term trend appears to be bearish, with the potential for a price drop in the upcoming week. The mid-term trend is less clear, with mixed signals from the net inflows and open interest. The long-term trend seems to be more stable, with a potential for a price recovery in the coming month.

In summary, the short-term trend for $DOGS

S is bearish, with a potential for a price drop in the upcoming week. The mid-term trend is uncertain, and the long-term trend appears to be more stable with a possible price recovery in the coming month.