Shiba Inu (SHIB) investors have witnessed the negative turnaround of the futures market. Notably, Shiba Inu open interest entered the red zone today, fueling bearish sentiment for the meme coin’s price.
Shiba Inu open interest flips bearish
According to CoinGlass data, the SHIB open interest (OI) flipped negative over the past 24 hours, decreasing by 1.7%.
The drop in this metric signals a decline in futures market activity. Shiba Inu bulls are possibly exiting positions to hedge against the potential risk on the market.
On the crypto market, open interest refers to all the outstanding contracts for digital assets that have not been settled. For SHIB, the 1.7% decline in this important metric shows growing uncertainty as market participants hesitate to bet on future actions.
Due to the declining momentum, investors committed only about 11.6 trillion SHIB tokens on the Shiba Inu futures market over the past day. In fiat terms, the 11.6 trillion SHIB amounted to $102.93 million, based on the current market price.
While the figure is substantial, it is still low performance compared to previous levels. Just a few days ago, the Shiba Inu OI spiked by 1.89% to $12.27 trillion SHIB across different exchange platforms.
Generally, this development is a bullish sign. It implies that more market participants might be motivated to accumulate SHIB, thereby creating future demand.
Should SHIB investors be worried?
In contrast, the sharp decline in Shiba Inu’s open interest suggests that traders are closing short and long positions in preparation for future volatility
Typically, when OI plunges, the price of the asset usually falls alongside in anticipation of price volatility However, this is not the current reaction of the Shiba Inu meme coin.
In fact, the memecoin rallied more than 2.3% over the past 24 hours. Currently, SHIB is traded at $0.0000086, with a market cap of $5.06 billion
Importantly, the latest rally comes shortly after SHIB printed a mini golden cross. This move quickly opened a 22% upside window to $0.00001054 for SHIB after weeks of experiencing downtrends.
Moreso, the SHIB price clearly bounced from a defined local support zone in today’s morning trade. Additionally, SHIB experienced a notable increase in volume as it recovered from its local bottom, bringing it closer to reaching a zero in 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
PEPE Hovers at Critical $0.053414 Support as $432M Volume Surge Tightens Breakout Watch
PEPE is trading at $0.053416, just above support at $0.053414, with significant trading volume up 22.14%. Resistance is at $0.053676. Despite a slight decrease in price, there’s increased market activity, suggesting potential volatility.
CryptoNewsLand30m ago
DXY Retest at 99.183: Will 100–101 Break as US Degen Index Stabilizes?
DXY trades at 99.183 while retesting the 100–101 monthly resistance zone.
US Degen Index 6900 sits at $0.0001197 with support at $0.0001175 and resistance at $0.0001214.
A break above 101 on DXY would shift structure higher, while rejection keeps price below key resistance.
The U.
CryptoNewsLand34m ago
AVAX Tests $9.38 Resistance After 8.3% Surge — Breakout or Pullback Ahead?
AVAX is also trading at $9.16 with a daily gain of 8.3 per cent, but still below $9.38 resistance.
Strong buyer activity near $8.46 continues to prevent deeper downside extensions.
A daily close above $9.38 could open room toward $9.50, while rejection risks $8.30.
Avalanche’s
CryptoNewsLand1h ago
XRP Holds $1.34 Support as $1.80–$2.00 Becomes 2025 Make-or-Break Zone
XRP is trading at $1.37 and its trading higher than the support of $1.34 but facing a heavy resistance at $1.38.
The critical structural pivot zone of $1.80-2.00 is the critical 2025 structural pivot.
March structure has the targets of $2.78 and 3.60, with anticipated
CryptoNewsLand1h ago
Dogecoin Prints Monthly Morning Doji Star — Will $0.097 Break Next?
Dogecoin is forming a "Morning Doji Star" pattern on the monthly chart around $0.09, indicating a potential bullish reversal despite a recent 1.9% daily decline. Key support is at $0.09036 and resistance at $0.09707, with current trading at $0.09010.
CryptoNewsLand1h ago
SHIB Faces Critical Breakout Test as Forecast Points to Short-Term 7.47% Gain
Shiba Inu (SHIB) is trading close to the support level of $0.05545, showing a recent decline but also potential for a 7.47% upside by March 2026. The price remains within established boundaries, facing key resistance at $0.055727. Future movements depend on breaking above resistance or falling below support.
CryptoNewsLand2h ago
