After several days of declining interest, data shows a notable resurgence in the Shiba Inu derivatives market.
Recovery of SHIB Open Interest
According to Coinglass data, Shiba Inu's open interest has surged back to 13.93 trillion SHIB after significant lows, marking a 4.31% increase in the last day. This resurgence signals a return of optimism among SHIB enthusiasts.
SHIB Trading Volume
As of August 27, the total amount of SHIB committed to active futures contracts is over $182 million, indicating that traders are increasingly opening new positions to bet on the asset's price potential.
SHIB Derivatives Market Leaders
Data shows that leading cryptocurrency exchange Gate dominates the SHIB derivatives market with 7.37 trillion SHIB registered by its users, followed by Bitget with 2.44 trillion SHIB out of the total unsettled contracts.
The increasing interest in SHIB derivatives may suggest potential price growth in the near future, considering the positive indicators in its economic metrics.
