Shiba Inu Rises Nearly 8% as Open Interest Climbs to $49.14 Million
The move from $0.0000057 to $0.0000062 came alongside a 9.27% increase in open interest (total unsettled derivatives positions) and $62,490 in liquidations.
SHIB
Summary
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Terms & Concepts
Open interest: The total number or value of active derivatives contracts that have not been closed or settled.
Liquidation: A forced closure of a leveraged trading position when losses exceed required margin levels.
Bullish setup: A market structure or trading pattern that suggests potential upward price momentum.