Shiba Inu (SHIB) Risks Losing $50 Million OI Threshold
Photo: U.Today
Shiba Inu is trading close to $0.00000495 , and its derivatives market is cooling. Open interest sits at about $37.3 million, well under the $50 million level that traders watch as a signal of healthy activity. Futures volume over 24 hours is $49.3 million, while spot volume is only $10.8 million. This means most of the movement comes from leveraged bets, not from real buying. SHIB has lost 3.53% over the last week and 16.44% over the last month. Year to date, it is down 28.3%.
Source: U.Today
