What is Happening with Dogwifhat (WIF)?
WIF Coin, which achieved an all-time high of $4.85 in March, has since seen a reversal in its fortunes. The decrease in open interest (OI) indicates a weakening demand and lower capital inflow.
Where is WIF Coin Headed?
Currently, WIF Coin’s open interest stands at $122.3 million, marking its lowest point in three months. The last comparable drop was on April 30. Factors such as BTC price movements below $67,000 and the upcoming ETH ETF listing news could temporarily support bearish trends.