Shiba Inu Open Interest Surges Against Bitcoin and XRP
Analysis
Price Impact
MedDespite current negative price movements, a significant surge in shiba inu's open interest (10.16 trillion shib / $64.05 million) against declining oi for btc and xrp suggests growing speculative interest and potential for future price movement. this indicates traders are placing more bets on shib futures.
Trustworthiness
HighThe data cited from coinglass, a reputable analytics platform for crypto derivatives, supports the claims of surging open interest, lending high credibility to the information.
Price Direction
BullishA substantial increase in open interest, especially when major cryptocurrencies like bitcoin and xrp show declines, typically signals a buildup of speculative positions. while the spot price has lagged, this futures activity often precedes a price resurgence if momentum persists, as discussed in the article.
Time Effect
ShortThe article explicitly mentions discussions about shib's potential to regain 'over the weekend' and highlights immediate 'last 24 hours' data, indicating a short-term focus for the anticipated impact.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The crypto market is still struggling to recover from the prolonged volatility seen over the past few weeks, and Shiba Inu (SHIB) has continued to trade in red territory, showing mild losses over the last day. Advertisement Despite negative price movements, Shiba Inu traders have locked in 10.16 trillion SHIB tokens worth $64.05 million as investors begin to place more bets on the Shiba Inu futures market. While momentum has been weak, rising interest from Shiba Inu futures traders have seen the asset show a decent increase of 2.56% in the last 24 hours, according to data from CoinGlass. HOT Stories Morning Crypto Report: Binance Lists New XRP Pair, Bitcoin Cash (BCH) Maintains Top 10 Spot as 'Bitcoin Without Saylor,' Cardano's Hoskinson Sets 3 'Anti-Cynicism' Criteria for New Projects Ripple CEO Dubs New CFTC Committee 'Olympics Crypto Roster' Shiba Inu flips Bitcoin and XRP While the mild surge in Shiba Inu’s open interest suggests that investors are gradually regaining interest in the asset, the metric comes as a surprise as other leading cryptocurrencies, including Bitcoin and XRP , have only recorded notable declines in open interest over the same period. Advertisement While Bitcoin and XRP futures traders appear to be lagging as they have held back on their bets amid looming uncertainties, they have recorded 4.29% and 2.35% in open interest, respectively. You Might Also Like Fri, 02/13/2026 - 08:43 Shiba Inu (SHIB) Outlook: Indicators Signal Potential Choppy Phase By Arman Shirinyan Nonetheless, it is quite interesting to note that the open interest surge has also moved its trading price, which has remained steady in red territory for the past few weeks. Advertisement Although the Shiba Inu trading price has failed to show any sign of recovery, the brief increase in its open interest has sparked discussion across the crypto community about its potential to regain over the weekend. While Shiba Inu is currently trading at $0.000006111 with a price decrease of 0.58% over the last 24 hours, the positive futures activity suggests that the price might see a potential resurgence if the momentum persists. #Shiba Inu #Shiba Inu (SHIB) Price Prediction #Bitcoin #XRP