Based on Bijié Wǎng, Shiba Inu's derivatives market saw a surge in activity, with open interest rising nearly 8% to $75.76 million, equivalent to over 100 trillion SHIB tokens unsettled. This indicates a rebound in trader participation amid year-end risk management in the broader crypto market. Despite a 1.83% rise in the past 24 hours to $0.000007344, SHIB fell 7.05% over the past week.
Shiba Inu Derivatives Open Interest Rises 8% Amid Year-End Risk Management
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Summary
Shiba Inu derivatives open interest climbed 8% to $75.76 million, reflecting stronger risk appetite ahead of year-end. The surge, covering over 100 trillion SHIB tokens, shows renewed attention among traders. SHIB rose 1.83% in 24 hours but dropped 7.05% weekly. Altcoins to watch remain in focus as market participants adjust positions.
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