Dogwifhat (WIF) Gains 4.11% as Futures Open Interest Climbs

Dogwifhat (WIF) gained 4.11% to $0.20 over 24 hours by 5:12 a.m. ET (09:12 UTC) Oct. 16, while Binance futures open interest climbed, indicating more active contracts without showing which direction traders were taking.

Open interest rose 7.35% to about $13.39 million, or 62.61 million contracts, at 5 a.m. ET (09:00 UTC). The eight-hour funding rate was -0.0039%. Binance account long-short ratios were 1.3343 for global accounts and 1.8952 for top traders.

The one-hour taker buy-sell ratio was 1.2841, with about 1.27 million WIF in buy volume and 986,000 WIF in sell volume. Open interest counts futures contracts that remain open; an increase does not establish whether the added positions were long or short.

WIF was below its seven-day simple moving average of $0.21, 20-day average of $0.23, 50-day average of $0.22, 12-day exponential moving average of $0.21 and 26-day exponential moving average of $0.22. It remained above the 200-day average of $0.18. The move follows an earlier WIF update on futures open interest.