Shiba Inu (SHIB) is encountering challenges as BitMEX announces it will delist the SHIBUSD perpetual contract on September 11, 2025, due to low trading interest.
Notification of SHIBUSD Delisting
BitMEX recently announced it will be delisting 48 perpetual contracts, including SHIBUSD, on September 11 due to 'insufficient trading interest'. All open orders for this contract will be canceled by the specified time.
Shiba Inu’s Market Struggles
Shiba Inu has been struggling for dominance in the market, trading within the price range of $0.0000120 to $0.0000130. The current market action shows declining momentum, with the Relative Strength Index (RSI) at 46, indicating weak interest from investors.
Consequences of the Delisting
The delisting of the SHIBUSD contract from BitMEX highlights the broader trend of diminishing interest in Shiba Inu. While this decision only affects the derivatives market, it may influence other exchanges to reconsider their exposure to the asset.
In conclusion, the removal of the SHIBUSD contract from BitMEX signals potential challenges for Shiba Inu moving forward and raises concerns regarding the asset's stability amid declining trader interest.
