SHIB derivatives market surges, open interest skyrockets by 3.42%

2025-12-24 21:21:23

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【CryptoWorld】Amidst the current sluggish market, Shiba Inu is carving out a path in the derivatives market. Open interest has surged by 3.42%, with traders rolling over a total of 11.03 trillion SHIB tokens. This surge in activity has directly broken the downward trend of Bitcoin and XRP — both of their open interest has declined by about 2%.

SHIB’s price also rebounded, rising by 0.59% to $0.000007174, finally reversing its previous decline. Interestingly, within the entire SHIB futures market, a leading exchange holds a dominant position, accounting for an open interest of $107.17 million, which is 38.8% of the total market. The trading activity is quite evident.

SHIB1.08%

BTC0.35%

XRP-0.26%

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StableCoinKaren

· 16h ago

Dogecoin is making a comeback? This wave of market activity is quite interesting, feels like the exchange is enjoying the good life.

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4am_degen

· 16h ago

Dogecoin is making a comeback? The hype is indeed crazy, with one exchange taking 38.8%. Isn't this a guaranteed feast for the big players?

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Fren_Not_Food

· 16h ago

Wow, SHIB's rebound is quite impressive. While the market is dead silent, it's actually active. With such high futures trading volume, be careful of liquidation...

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Blockwatcher9000

· 16h ago

Dogecoin's popularity is rising. Can't we stop just harvesting the little guys?

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