SHIB Price Surges 10%, But Derivatives Traders Remain Cautious

Shiba Inu's (SHIB) renewed interest in spot markets and social channels has led to a 10% price uptick, but derivatives traders remain cautious. Open interest in SHIB futures has declined despite the increased attention, indicating a gap between growing enthusiasm and limited leveraged positioning.

A newly announced U.S. exchange listing has added another trading venue for the token, including USDT pairs. On-chain data shows some holders moving coins off exchanges, which could limit part of the near-term supply available to sellers.

However, the drop in open interest suggests that market participants are closing leveraged positions or avoiding new futures exposure rather than positioning aggressively for a sustained rally. This divergence leaves SHIB in a fragile spot, and a recovery driven mainly by attention can fade quickly if liquidity and stronger conviction fail to follow.