Oh, the once-mighty Shiba Inu, now caught in a tango of uncertainty! 🐕💃 The open interest has taken a dramatic dip, leaving traders in a state of theatrical despair. One might say the price is “consolidating” – a fancy way of saying it’s taking a nap while everyone else panics. 🐶💤
Shiba Inu open interest drops over 3%
According to the ever-reliable CoinGlass, the open interest has slinked down by 3.5% – a veritable tragedy for a meme coin that once danced with the stars. 🐕📉 The futures market now holds a mere 19.18 trillion SHIB, which, at current prices, is roughly enough to buy a cup of coffee… if you’re a billionaire. ☕💸
Typically, a shrinking open interest signals traders are fleeing the scene like a poorly attended play. 🎭 Oh, the drama! The price of SHIB, meanwhile, hovers around $0.00001414 – a figure so low, even a Shiba Inu might question its life choices. 🐕🐶
The trading volume has also taken a bow, plunging 32% to $361 million. A sad spectacle, really. Yet, despite the gloom, SHIB remains stubbornly up 3.5% this week. A glimmer of hope, or just a temporary reprieve? 🌟
Meanwhile, the broader crypto market waltzes to a somber tune, with Bitcoin and altcoins all playing the part of the melancholic lover. 🎶
SHIB price predictions
The Shiba Inu team, ever the optimists, assures us the dog-themed meme coin will “break records” – a promise as reliable as a British weather forecast. 🐕🌤️
Shibizens, ever the optimists, whisper of an 800% rally – a feat last seen in the 2021 bull run. A miracle, perhaps? Or just a well-timed joke? 🤔😂
The burn mechanism, that masterstroke of deflationary strategy, aims to reduce supply and boost demand. A game of musical chairs with the supply, if you will. 🕺💰
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2025-07-23 18:35