SHIB Futures Open Interest Drops Across 80% of Exchanges

• SHIB futures open interest declined across 80% of tracked cryptocurrency exchanges.
• Derivatives volume also fell sharply, signaling weaker trader participation and reduced market confidence.
• SHIB needs stronger buying pressure and rising futures activity to support a sustainable recovery.

Shiba Inu has slipped to another yearly low, leaving traders with fewer reasons to stay. SHIB reached $0.0000054 on Monday and remains down nearly 67% annually. The meme coin has lost much of the attention seen during previous market cycles. Futures traders now appear increasingly cautious across major crypto exchanges. Eight of ten exchanges report falling SHIB open interest. That trend raises a crucial question for investors: where does SHIB go next?

SHIB Futures Activity Shows Traders Are Losing Interest

Shiba Inu once dominated crypto discussions during major meme coin rallies. Buying activity surged as retail traders chased rapid gains across the market. Social media excitement also pushed SHIB into the spotlight. The current market looks very different, however, with attention shifting toward newer crypto narratives. SHIB now struggles to attract sustained buying pressure, while other cryptocurrencies capture more speculative capital. Artificial intelligence projects have become especially popular among traders seeking strong momentum.

… Continue reading the full article at the original source below.