8:05 AM ▪
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The Shiba Inu just sent a signal to the memecoin market: a price bounce that doesn’t restart the derivatives machine. Over 24 hours, SHIB gains but open interest declines, a sign of declining appetite where conviction is measured most quickly. In other words, the spot is breathing while future positions are being closed.
In short
- SHIB shows a 24-hour rebound, but open interest falls 5%, a gap that questions the strength of the move.
- Key figures set the scene: intraday price developments, increasing volume and contraction of open futures positions.
- The bull position map puts Gate on top with a dominant share of open interest ahead of LBank, OKX and Bitget.
- SHIBs are pouring into bourses on fears of fuel selling pressure, while a return to open interest could calm the market.
Price bounce: withdrawal of future positions
As the Shiba Inu prepares for its comeback after a difficult 2025, the data suggests a worrying setup for derivatives traders: the spot is breathing, but conviction among open positions is not growing. In other words, we are seeing a rise in prices that is not accompanied by a return of appetite for futures contracts.
This divergence is visible on very short market data (24 hours) and raises a simple question: is this a technical rebound caused by spot activity, or a movement that is already losing steam due to the lack of future operator support? The information indicates the extent of the gap between price developments, trading intensity and open interest contraction.
- Open interest Shiba Inu “down 5% while 9.9 Trillion SHIBs worth $62.79 Million were involved in the movement” ;
- The price moved from a low of $0.000006066 to a daily high of $0.000006486;
- Currently SHIB “trading at $0.0000060,” representing “0.61% increase” during the period;
- SHIB volume “also jumped 36.5% to $141.48 million,” and movement is associated with a context where bitcoin “pink more than 4%”.
Where are the bullish investors located?
“Most bullish traders on SHIB are concentrated on the Gate exchange: the platform accounts for 35.11% of total open interest in Shiba Inu, with $22.05 million allocated to futures”.
Behind this, three platforms also have a significant share of activity: LBank (14.63%), OKX (14.08%) and Bitget (10.41%). This breakdown reveals the concentration of exposure in a few places, a factor to watch as liquidity and sentiment quickly reorganize for memecoins.
In fact, this bearing is associated with technical fragility and flows to the stock market. SHIB “failed to break the 26-day exponential moving average (EMA),” a barrier described as a brake holding an asset “stuck in a broader downtrend,” with structure “lower highs and lower lows.”
in addition “549 billion SHIB transferred to various exchanges” during the week, affect it “raised bearish fears” around the risk of selling. A reversal in the trend of open interest “It could help alleviate those concerns,” as operators wait for a clearer signal before leveraging.
Between spot bounce and derivatives caution, the signal remains mixed. Until open interest recovers, the Shiba Inu price is in danger of not having the momentum to sustain this move. The coming days will tell if traders will return to futures or if it was just a brief spike quickly absorbed by the underlying trend.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
