SHIB Futures Market Remains Highly Leveraged Despite Liquidations

Shiba Inu's derivatives market is showing no signs of slowing down despite recent liquidations. With open interest hovering around $63 million, traders are still heavily invested in SHIB futures. The sharp swing in price has forced some traders out of their positions, but the overall figure remains significant.

The long-to-short ratio has flipped bullish, indicating that bulls are trying to push SHIB higher. However, this could also mean that a sudden shift in market sentiment could lead to another wave of liquidations.

Despite relatively subdued trading activity, the futures book remains substantial, and any significant buying or selling pressure could send shockwaves through the market.