Dogwifhat Open Interest Plunges 28% Amid Market Sell-Off

Dogwifhat 未平倉合約在市場拋售中暴跌 28%

The open interest for Dogwifhat (WIF) has experienced a significant decline of 28%, reaching levels of $252.5 million since July 27. This decrease coincides with a drop in the token's price to $1.67.

自 7 月 27 日以來，Dogwifhat (WIF) 的未平倉合約大幅下降 28%，達到 2.525 億美元。

The current correction has led traders to anticipate a potential retest of the critical support level at $1.50. Futures traders remain cautious about a rapid rebound given the recent volatility. WIF's current price of $1.60 reflects a 4.34% decrease in the last 24 hours.

目前的調整導致交易者預計可能會重新測試 1.50 美元的關鍵支撐位。鑑於近期的波動，期貨交易員對快速反彈仍持謹慎態度。 WIF 目前的價格為 1.60 美元，在過去 24 小時內下跌了 4.34%。

Consequences of the Open Interest Decline

未平倉合約下降的後果

During this period, five wallets identified as potentially belonging to the same entity sold 14.53 million WIF tokens, netting approximately $69 million. This large-scale sell-off contributed to the bearish sentiment and price decline.

在此期間，五個被確定可能屬於同一實體的錢包出售了 1,453 萬個 WIF 代幣，淨賺約 6,900 萬美元。這種大規模拋售加劇了看跌情緒和價格下跌。

Market Dynamics and Future Prospects

市場動態及未來展望

In contrast, a notable crypto analyst has projected a positive outlook for meme coins, including PEPE and POPCAT. This suggests that despite the current challenges, WIF may have potential for recovery and growth.

相比之下，一位著名的加密貨幣分析師預測了包括 PEPE 和 POPCAT 在內的 meme 幣的積極前景。這表明，儘管當前面臨挑戰，WIF 仍可能具有復甦和成長的潛力。

Traders are closely monitoring key support levels to guide their decisions in this evolving market landscape.

交易者正在密切關注關鍵支撐位，以在不斷變化的市場格局中指導他們的決策。