 ▲ Shiba Inu (SHIB) / AI-generated image |
Major cryptocurrencies, including Bitcoin (BTC) and XRP, continued to move sideways amid market uncertainty. However, Shiba Inu (SHIB) has recorded an overwhelmingly strong inflow of funds in the futures market, signaling the possibility of significant volatility ahead.
According to cryptocurrency media outlet U.Today on February 14 (local time), Shiba Inu’s open interest surged sharply over the past 24 hours, surpassing that of Bitcoin and XRP. Open interest in Shiba Inu derivatives rose approximately 3.42%, with around 11.03 trillion SHIB currently tied up in active contracts across exchanges. This amounts to more than $80 million in value, clearly demonstrating the strong investor enthusiasm for Shiba Inu despite the broader weakness in the crypto market.
While the overall digital asset market remained in a downtrend and open interest in Bitcoin and XRP fell by more than 2% each, Shiba Inu showed a contrasting pattern with accelerating capital inflows. Experts interpret the increase in open interest as a strong signal that new capital is entering the market and liquidity is improving. In particular, the sharp rise in this indicator following several days of decline suggests a rapid shift in investor sentiment from pessimism to optimism, serving as a precursor to a potential explosive move in Shiba Inu’s price.
Shiba Inu’s trading volume also jumped 20.34% from the previous day to reach approximately $97 million, indicating active position building among market participants. The simultaneous increase in trading volume and open interest while prices remain confined within a narrow range is typically seen as a calm before the storm. Analysts say Shiba Inu is attempting to break out of its prolonged downtrend and overcome short-term resistance levels, and that the heavy concentration of funds in the futures market could provide the decisive momentum needed for a breakout.
A positive mood is also being detected within the community. RagnarShib, a Shiba Inu Telegram administrator, emphasized that new opportunities are emerging and that the ecosystem’s growth will continue under strong community support. He clarified that Shiba Inu is not operated by any specific individual but is a living ecosystem driven by a shared vision among millions of holders worldwide. Such remarks are helping unite holders amid market uncertainty and are acting as a psychological factor supporting aggressive betting in the futures market.
The Shiba Inu market has now reached a technically critical turning point, and whether the overwhelming dominance seen in the futures market will translate into tangible price gains remains the key focus going forward. As major cryptocurrencies struggle to gain momentum, investors are closely watching whether Shiba Inu’s ability to draw in capital alone can reverse sentiment not only in the meme coin sector but across the broader crypto market.
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