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Shiba Inu Derivatives Open Interest Rises 9.29% to $57.33 Million

The source says open interest (total unsettled derivatives positions) reached 9.08 trillion SHIB tokens, while futures flows showed $11.52 million in inflows and $10.55 million in outflows over 24 hours.

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.
  • Derivatives: Financial contracts whose value is linked to an underlying asset such as SHIB, often used for hedging or speculation.
  • Futures flows: Capital moving into and out of futures markets, offering a snapshot of trader activity and positioning.