In accordance with NewsBTC, the Shiba Inu derivatives market is heating up, with open interest rising as much as 15% on November 8. This indicates increased trading activity and a bullish outlook for SHIB, which recently broke above the $0.000010 level. CoinGlass data also shows a long/short ratio of 0.9, suggesting more traders are betting on a price surge. SHIB is up over 8% since last week amid broader crypto market recovery.
Shiba Inu Derivatives Market Sees 15% Open Interest Rise on November 8
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