Shiba Inu's futures market saw a sharp 25% decline in open interest after a dramatic price reversal following a strong rally that pushed its price to around $0.0000057. The sudden drop in futures activity and a 7% price fall to about $0.0000050 indicate traders are reducing exposure, likely locking in profits or exiting positions amid the shift in market sentiment. This reversal comes just a day after SHIB surged over 35%, briefly reclaiming a top 25 spot by market cap. The move highlights the volatility and quick shifts in trader sentiment within the crypto market.
During a recent market sell-off, Shiba Inu (SHIB) showed relative strength by falling less than Bitcoin, trading around $0.0000043 compared to Bitcoin's drop below $69,000. Despite this, SHIB's price remains below critical moving averages and near it...
Following the October 29 hack, Binance announced it holds 100.04% of Shiba Inu tokens against customer balances, signaling full backing but pending cryptographic proof. Despite this, SHIB's price fell to its lowest point in 90 days at $0.00000425, do...
SHIB topped the Korean crypto interest index with 86.1 points, showing strong domestic trading concentration despite a week of losses among the top tokens. WLD had the highest ratio of domestic to overseas trading at 21.3 times, followed by ONDO and ...
Shiba Inu's futures market on OKX showed a negative funding rate for the first time since early November, indicating more short sellers paying fees to longs as the price dropped to its lowest since July. Despite 70% of accounts betting on price rises...
Shiba Inu (SHIB) price fell to $0.0000043, down 3.7% following the surprise resignation of Nvidia CEO Jensen Huang, which caused Nvidia shares to drop around 12-13% and dragged down technology stocks and the crypto market. Bitcoin also fell 3.5%, ref...
