13,070,000,000,000 SHIB in 24 Hours: Shiba Inu OI May Flip Soon
Analysis
Price Impact
LowShiba inu's open interest is only slightly down (0.93%) over 24 hours, suggesting a mild pullback rather than a strong bearish shift. while the price is in the red, the overall open interest volume remains substantial, indicating continued market activity and a potential sentiment flip.
Trustworthiness
HighThe analysis is based on data from reputable sources like coinglass and u.today, providing concrete metrics (open interest volume, price movements, exchange contributions) for the assessment.
Price Direction
NeutralAlthough shib's price is currently down by 3.08%, the high open interest volume (13.07 trillion shib) suggests traders are active but split, not strongly positioned in one direction. the article indicates sentiment 'may flip soon,' leading to a neutral outlook with potential for short-term volatility in either direction.
Time Effect
ShortThe analysis focuses on 24-hour changes in open interest and price, and discusses immediate sentiment shifts ('may flip soon'), indicating a short-term perspective on potential price movements.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Shiba Inu potential outlook Gate.io leads Shiba Inu futures market Advertisement The Shiba Inu derivatives market has seen a mild pullback as its open interest is currently down but has only slipped 0.93% over the last 24 hours. While this downturn in Shiba Inu’s futures activities has also extended to its trading price, Shiba Inu is currently trading in the red. Nonetheless, traders have maintained resilience, as the open interest volume as of Jan. 16 still stands at a massive 13.07 trillion, according to data from Coinglass. HOT Stories Morning Crypto Report: Say Goodbye to 1.21% of All XRP, Shiba Inu (SHIB) Confirms Golden Cross: 23% Rally Expected, Cardano Price Prints Legendary Bull Pattern: ADA Next Silver? XRP, TSLA, and GME Among Top Searches on Elon Musk's X Crypto Market Review: XRP Loses Impulse; Bitcoin (BTC) Signals Oversold Conditions; Shiba Inu (SHIB) Rejected Under Tight Range Ripple CEO Breaks Silence on Coinbase Drama Shiba Inu potential outlook With the mild decrease in the metric, it appears that traders are not entirely bearish, as the current open interest volume, which is worth about $108.89 million, suggests that the market is still very active and sentiment may flip soon. Advertisement You Might Also Like Fri, 01/16/2026 - 08:33 Shiba Inu (SHIB) Key Price Reset: Big Chance for Recovery By Arman Shirinyan Over the last day, Shiba Inu on-chain activity suggests that traders are not aggressively positioning in one direction, as they are split between bullish and bearish expectations, causing the metrics to appear quite dormant. Amid the slow futures market, Shiba Inu has declined by 3.08% over the last 24 hours, trading at $0.000008182 as of writing time. While this has flashed signs of short-term weakness, its trading volume has slid by over 40% to about $93.49 million. Advertisement Source: Trading View Gate.io leads Shiba Inu futures market While Shiba Inu has seen traders actively commit their tokens across several major derivatives platforms, Gate.io has led the market with the strongest participation from its users. The data further revealed that Gate.io accounts for 39.13% of the total open interest, which stands at 5.22 trillion SHIB, worth about $42.61 million. Furthermore, OKX followed with 1.37 trillion SHIB, accounting for 10.3% of the total open interest. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #Gate.io #OKX