Dogwifhat (WIF) open interest down 1.2% over 24 hours

Dogwifhat (WIF) open interest on Binance's USDT perpetual futures fell 1.2% over 24 hours as of 7:20 p.m. KST, even as the same contract's price rose 2% over the same period, according to data tracked by Seandra AI. Spot prices hovered around $0.18, with CoinLore quoting $0.1787 (about 239 won) as of 3:50 p.m. and COINOTAG reporting a similar level later in the session. The divergence between rising prices and declining open interest means the data alone cannot indicate whether long or short positions were closed, as open interest changes do not directly signal buying or selling dominance. Traders will watch whether WIF's price gains hold without fresh open interest inflows, which would suggest the move is driven by position unwinds rather than new capital entering the market.