Shiba Inu’s open interest rose nearly 8% in the past 24 hours to $75.76 million. Yesterday, this token experienced a significant rally in the derivatives market. SHIB’s open interest is reportedly up about 8%, indicating new money is flowing in and more traders are entering the market rather than exiting. New trader involvement in late 2025 will give Shiba Inu a boost, allowing it to enter 2026 with greater confidence and sustained bullish momentum.
According to data sourced from CoinGlass, SHIB’s open interest reportedly reached $75.76 million within 24 hours, with total futures Open interest (OI) rose to 10.16 trillion SHIB. Open interest indicates the total amount of active and open futures contracts, and this kind of increase in SHIB’s OI indicates that traders are opening new positions rather than closing existing positions.
Shiba Inu price today is $0.000007128, down 2.11% in the past 24 hours, showing mixed momentum in the market. If open interest rises as price rises, it can be considered bullish confirmation, but if open interest rises and price falls, it could signal mixed momentum or an extension of a speculative position.
According to the latest data from CoinGlass, SHIB’s total open interest pattern, while cautious in the short term, points to broader daily position accumulation. Data shows that futures trading for the dog-themed virtual currency, Shiba Inu, is concentrated on several major exchanges, including Gate.io, OKX, KuCoin, and Bitget. Gate.io dominates the market, currently holding 42.24% of total SHIB open interest, or 4.42 trillion SHIB. Second place is OKX with 1.32 trillion SHIB.
Shiba Inu falls despite a rise in derivatives due to year-end market caution
Year-end positioning allows traders to adjust their bets through the end of 2025 to lock in profits, cut losses, or prepare for January moves. There are few active sellers or buyers during the holidays, so the market is quiet. However, renowned research firm 10x Research takes a different view. They argue that what is currently happening in the market is not due to the holidays, but that there is a deliberate strategy behind it. Their findings show that futures, ETFs, and options all give the same signal. They conclude that professional traders in different markets behave similarly by managing risk, reducing exposure, hedging positions, and being cautious. The research firm concludes that this trend is not panic or hype. Instead, professional traders are gearing up for a new session.
Shiba Inu is currently 71% below its 2025 high of $0.00002497. However, its near-year low was around $0.00000700, representing a 9-11% week-on-week decline as the market grew wary of altcoins. SHIB’s recent 8% open interest spike indicates a recovery in derivatives, but spot trading volumes are still hovering between average values. Based on recent market analysis, support for SHIB is located at $0.00000711 and resistance is located around $0.00000728 to $0.00000800.
Crypto Basic posted on X that Shiba Inu recently saw a bullish cross on the hourly chart, but it never fully materialized.
They said that a notable cross between the long-term moving average and the short-term moving average, especially between the 26-period moving average and the 9-period moving average, flashed yesterday. They stated that the 9-period MA has once again crossed the 26-period MA, pushing the token back into bearish territory. They explained that if the long-term MA exceeds the short-term MA, it suggests the market is trending down, and therefore SHIB could see a much lower price. They added that this was not the first time the Shiba Inu had given a reversal signal, just a larger tendency to prompt a change of direction. They recalled that in early December, there was a golden cross where the 50MA exceeded the 200MA on an hourly time frame.
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