The Situation of Shiba Inu in the Crypto Currency Market

While the crypto currency market is in a general bearish trend, Shiba Inu (SHIB) meme coin is especially drawing attention. Despite losing 4% in the last few days, Shiba Inu continues to attract the interest of investors. The increase in open interest seen on major crypto exchanges Huobi and OKX has been effective in increasing this interest. The open interest reached approximately 16 million dollars and 15 million dollars for Shiba Inu, increasing market activity and interest in Shiba Inu. Investor’s Psychology and Market Dynamics Despite the rise in prices and open interest, there is an emotional turmoil in the crypto currency market. The Long/Short Ratio is currently at 0.94, showing that some investors are focused on a possible price decline for Shiba Inu. This situation continues to create uncertainty in market dynamics. Chain Top Indicators and Futures Contracts Leveraged trading statistics provide important information about the current situation of […]

The Situation of Shiba Inu in the Crypto Currency Market

While the crypto currency market is in a general bearish trend, Shiba Inu (SHIB) meme coin is especially drawing attention. Despite losing 4% in the last few days, Shiba Inu continues to attract the interest of investors. The increase in open interest seen on major crypto exchanges Huobi and OKX has been effective in increasing this interest. The open interest reached approximately 16 million dollars and 15 million dollars for Shiba Inu, increasing market activity and interest in Shiba Inu.

Investor’s Psychology and Market Dynamics

Despite the rise in prices and open interest, there is an emotional turmoil in the crypto currency market. The Long/Short Ratio is currently at 0.94, showing that some investors are focused on a possible price decline for Shiba Inu. This situation continues to create uncertainty in market dynamics.

Chain Top Indicators and Futures Contracts

Leveraged trading statistics provide important information about the current situation of Shiba Inu in the crypto currency market. The open interest for futures contracts has reached 2.40 trillion SHIB tokens. This increase is particularly noticeable on platforms such as Bitget, BingX, and CoinEx. In addition, the chain top indicators show a positive upward trend for Shiba Inu and the decrease in SHIB tokens on exchanges reflects long-term investor confidence.

Useful Information

Increasing open interest can be considered as an indicator of the interest in Shiba Inu and market activity.
The Long/Short Ratio is an important metric for understanding market sentiment and investor expectations.
Chain top indicators and the decrease in tokens on exchanges reflect long-term investor confidence and market trends.

In conclusion, the current situation of Shiba Inu in the crypto currency market and its future potential are among the dynamics that investors and market observers should carefully monitor. Futures contracts and chain top indicators reinforce the solidity of this coin in the market and investor interest.

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