The post $210 Million SHIB Futures Open Interest: What’s Happening? appeared on BitcoinEthereumNews.com.

SHIB traders brace for volatility Majority of SHIB investors break even One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), is back in the spotlight after a significant rise in derivatives activity.  The latest data from Coinglass shows that SHIB’s futures open interest has increased to $220 million, its highest level in the last 30 days.   Source: Coinglass Open interest is the total value of all open futures contracts on an asset. Typically, a rise in open interest signals increased investor confidence in the asset’s short-term price direction. Coinglass shows a gradual increase in SHIB open interest since late April and into May, including a significant breakout in the last 48 hours. This increase coincides with a modest rally in It also suggests that speculators are anticipating a significant price move and are opening leveraged positions to capitalize on the potential swing. With its meme-driven community and a history of sharp price changes, Shiba Inu has long been considered a high-risk, high-reward asset. Majority of SHIB investors break even Meanwhile, the latest on-chain data from IntoTheBlock shows that more than half of token holders are currently at breakeven. This data also offers insight into the overall profitability of SHIB holders. Source: IntoTheBlock According to the data, only 18.49% of SHIB addresses, holding 182.19 trillion SHIB, are currently “in the money” (or in profit), meaning the current price is higher than their average purchase price. However, 27.93% of SHIB addresses, holding 275.19 trillion SHIB tokens, are at a loss, or “out of the money.” Source: https://u.today/210-million-shib-futures-open-interest-whats-happening

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Filed under: News - @ May 10, 2025 3:16 pm