Shiba Inu open interest surges 19.28% as futures traders return

  • Shiba Inu futures traders increased activity after the token posted a nearly 5% price increase.
  • 19.28% growth lifted Shiba Inu open interest above 10.74 trillion SHIB.
  • Shiba Inu maintained the $0.000005 level after reclaiming it during last month’s rally.

Shiba Inu has regained momentum after a brief price correction, with bullish traders returning to its derivatives market. Coinglass data shows open interest, the value of outstanding futures positions, rose 19.28% over 24 hours. More than 10.74 trillion SHIB was committed to derivatives markets across major exchanges as of Saturday, September 5th. The surge followed a nearly 5% price increase and helped SHIB maintain the key $0.000005 level it reclaimed during last month’s rally. Renewed futures activity suggests traders are positioning for a possible price increase, while continued momentum could support an attempt to remove another zero from SHIB’s price.

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