The Status of Shiba Inu in the Crypto Market

While the cryptocurrency market is in a general bearish trend, Shiba Inu (SHIB) meme coin continues to attract attention, despite losing 4% of its value in the last few days. The open interest on major crypto exchanges, Huobi and OKX, has contributed to the increased interest in Shiba Inu. The open interest has reached approximately 16 million dollars and 15 million dollars, boosting market activity and interest in Shiba Inu. Investor Psychology and Market Dynamics Despite the price increases and open interest, there is emotional turmoil in the crypto market. The Long/Short ratio is currently at 0.94, indicating that some investors are focusing on a possible price decrease for Shiba Inu, creating uncertainty in market dynamics. On-Chain Indicators and Futures Contracts Leveraged trading statistics provide valuable information about Shiba Inu’s current status in the crypto market. The open interest for futures contracts has reached 2.40 trillion SHIB tokens, especially noticeable […]

The Status of Shiba Inu in the Crypto Market

While the cryptocurrency market is in a general bearish trend, Shiba Inu (SHIB) meme coin continues to attract attention, despite losing 4% of its value in the last few days. The open interest on major crypto exchanges, Huobi and OKX, has contributed to the increased interest in Shiba Inu. The open interest has reached approximately 16 million dollars and 15 million dollars, boosting market activity and interest in Shiba Inu.

Investor Psychology and Market Dynamics

Despite the price increases and open interest, there is emotional turmoil in the crypto market. The Long/Short ratio is currently at 0.94, indicating that some investors are focusing on a possible price decrease for Shiba Inu, creating uncertainty in market dynamics.

On-Chain Indicators and Futures Contracts

Leveraged trading statistics provide valuable information about Shiba Inu’s current status in the crypto market. The open interest for futures contracts has reached 2.40 trillion SHIB tokens, especially noticeable on platforms like Bitget, BingX, and CoinEx. Additionally, on-chain indicators show a positive upward trend for Shiba Inu, and the decrease in SHIB tokens on exchanges reflects long-term investor confidence in this coin.

Useful Information

Open interest increases can be considered as an indicator of interest in Shiba Inu and market activity.
The Long/Short ratio is an important metric for understanding market sentiment and investor expectations.
On-chain indicators and the decrease in tokens on exchanges reflect long-term investor confidence and market trends.

In conclusion, Shiba Inu’s current status and future potential in the cryptocurrency market are dynamic factors that investors and market observers need to monitor closely. Futures contracts and on-chain indicators strengthen the coin’s market durability and investor interest.

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