Shiba Inu
Why Shiba Inu is up 1.4% in the last hour
Analysis
Shiba Inu (SHIB) ticked up 1.4% over the past hour as traders reacted to derivatives positioning shifts, even as overall leverage cooled. U.Today reported SHIB open interest fell below the $30 million threshold for the first time since 2024, which can coincide with short-term price stabilization or a modest bounce as positions reset.
Contributing Factors (1)
$30 Million Shiba Inu (SHIB) Open Interest Threshold Gone for First Time Since 2024
Shiba Inu see substantial plunge in open interest, to the lowest level in years.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.