11 Trillion SHIB Traded in 24 Hours as Open Interest Surges
Over the past 24 hours, Shiba Inu (SHIB) has seen a sharp rise in derivatives activity: CoinGlass reports that traders now have over 11 trillion SHIB locked in the meme coin’s futures and options market. That spike in open interest reflects a wave of speculative positioning and aligns with a broadly positive sentiment among short-term traders betting on momentum or a short squeeze.
What this means for the market is twofold. Large open interest can fuel bigger price swings and make SHIB more sensitive to funding-rate moves and liquidation cascades, so rallies can accelerate but reversals may be swift. For traders and holders, the development signals renewed attention to SHIB and the derivative risks that come with it — monitor price action, volume, and funding rates closely as the situation evolves.