WIF has declined significantly, losing 33% of its value in just one week primarily due to increased selling pressure. Currently, the On-Balance-Volume metric is down 285%, indicating that more traders are selling off their assets than buying, contributing to the bearish sentiment.
The open interest for WIF has dropped by 42%, indicating weakening participation in the market. Additionally, the Awesome Oscillator showcases sustained selling pressure, suggesting WIF may continue to decline further unless there is a change in demand.
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